TD Cowen Downgrades SolarEdge Technologies to Hold, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
TD Cowen has downgraded SolarEdge Technologies from Buy to Hold and significantly lowered its price target from $35 to $16, indicating a less optimistic outlook for the company's stock.
October 21, 2024 | 10:02 am
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TD Cowen analyst Jeffrey Osborne has downgraded SolarEdge Technologies from Buy to Hold and reduced the price target from $35 to $16, reflecting a more cautious stance on the stock.
The downgrade from Buy to Hold and the significant reduction in the price target from $35 to $16 by TD Cowen suggests a negative short-term outlook for SolarEdge Technologies. This could lead to a decrease in investor confidence and a potential decline in the stock price.
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IMPORTANCE 80
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