Guggenheim lowered the firm’s price target on Array Technologies to $14 from $18 and keeps a Buy rating on the shares following the Q2 results. The firm cites a lower target multiple of EBITDA as well as a reduced earnings outlook for next year for the price target decrease.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARRY:
- Array Technologies price target lowered to $17 from $22 at Seaport Research
- Array Technologies price target lowered to $12 from $23 at Truist
- Array Technologies price target lowered to $11 from $18 at Barclays
- Array Technologies price target lowered to $11 from $18 at BofA
- Expedia beats, Paramount cuts staff: Friday Buzz