Baird Maintains Outperform on NEXTracker, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Ben Kallo maintains an Outperform rating on NEXTracker but lowers the price target from $71 to $53.
October 31, 2024 | 12:04 pm
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Baird analyst Ben Kallo has maintained an Outperform rating on NEXTracker but has lowered the price target from $71 to $53.
The maintenance of an Outperform rating suggests continued confidence in NEXTracker's performance, but the lowered price target indicates a more cautious outlook on its valuation. This mixed signal could lead to short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100