Jefferies raised the firm’s price target on SolarEdge (SEDG) to $12 from $9 and keeps an Underperform rating on the shares, telling investors that the firm believes the market “may have overreacted” to the company’s results. The firm expects the stock to continue to correct itself over the next few sessions as safe-harbor contributions make the firm “question the true nature” of SolarEdge’s recovery.
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