JinkoSolar price target lowered to $30 from $31 at UBS

UBS lowered the firm’s price target on JinkoSolar to $30 from $31 and keeps a Neutral rating on the shares. JinkoSolar’s Q4 profitability was below expectations driven by more severe average selling price pressure stemming from oversupply conditions in its key end markets, and the firm expects a challenging pricing environment for Asia-based module manufacturers in 2024, the analyst tells investors in a research note.