JP Morgan Maintains Overweight on SolarEdge Technologies, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Strouse maintains an Overweight rating on SolarEdge Technologies but lowers the price target from $35 to $29.
October 23, 2024 | 11:48 am
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JP Morgan's analyst Mark Strouse maintains an Overweight rating on SolarEdge Technologies but reduces the price target from $35 to $29, indicating a cautious outlook.
The reduction in the price target from $35 to $29 by JP Morgan suggests a more cautious outlook on SolarEdge's future performance, which could lead to a short-term negative impact on the stock price despite the maintained Overweight rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100