Seaport Research lowered the firm’s price target on Array Technologies to $26 from $31 and keeps a Buy rating on the shares post the Q4 report. The analyst believes Array’s 2024 EBITDA guidance came in much higher than the stock has been discounting due to U.S. share loss and the company “must now prove that its profitability gains can be preserved and leveraged to re-attain a win rate that restores compelling top line growth.”
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Read More on ARRY:
- Array Technologies price target lowered to $18 from $20 at Mizuho
- Array Technologies price target lowered to $12 from $22 at Piper Sandler
- Array Technologies price target lowered to $18 from $22 at Cantor Fitzgerald
- Array Technologies price target lowered to $29 from $35 at JPMorgan
- Array Technologies price target lowered to $17 from $21 at BofA
