Jefferies raised the firm’s price target on SolarEdge (SEDG) to $33 from $24 and keeps an Underperform rating on the shares. Clouds are “clearing” and a recovery in margins is “also noteworthy,” says the analyst, who raised estimates but sees “a downside skew from current levels” given the recent run-up in shares.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SEDG: