Jefferies lowered the firm’s price target on Shoals Technologies (SHLS) to $3.40 from $4.60 and keeps a Hold rating on the shares. Shoals has a strong backlog and awarded orders conversion track record, but the firm sees risk of additional pushouts and also recognizes the threat of competition from larger peers like Primoris (PRIM), the analyst tells investors.
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Read More on SHLS:
- Shoals Technologies price target lowered to $5 from $6 at Guggenheim
- Shoals Technologies Earnings Call: Optimism Amid Challenges
- Positive Outlook on Shoals Technologies Group Amid Revenue Growth and Margin Recovery Potential
- Shoals Technologies price target lowered to $10.50 from $11 at TD Cowen
- Shoals Technologies price target lowered to $6 from $8 at Piper Sandler
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