SolarEdge price target raised to $33 from $24 at Jefferies

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.