Guggenheim analyst Joseph Osha raised the firm’s price target on Shoals Technologies (SHLS) to $12 from $8 and keeps a Buy rating on the shares following the company’s release of its Q3 results last week. The firm views its revised target EBITDA multiple of 15.9-times its 2026 estimates as “moderately extended,” but also notes that consensus expectations for 2026 “appear to be too low” based on its recent conversations with the company, the analyst tells investors.
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