Citigroup Maintains Neutral on SolarEdge Technologies, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Vikram Bagri maintains a Neutral rating on SolarEdge Technologies (NASDAQ:SEDG) and lowers the price target from $31 to $19.
October 22, 2024 | 5:08 pm
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Citigroup has maintained a Neutral rating on SolarEdge Technologies but has significantly lowered the price target from $31 to $19, indicating potential concerns about the company's short-term performance.
The lowering of the price target from $31 to $19 by Citigroup suggests a negative outlook on SolarEdge's short-term performance. Maintaining a Neutral rating indicates that while the stock is not expected to outperform, it is also not expected to underperform significantly. The significant reduction in the price target is likely to put downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100