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Shoals Technologies price target lowered to $7 from $10 at Barclays

Barclays analyst Christine Cho lowered the firm’s price target on Shoals Technologies to $7 from $10 and keeps an Equal Weight rating on the shares. The company’s fiscal year guidance lowered for second time in two quarters, the analyst tells investors in a research note. The firm says the challenging environment is likely to persist into 2025.

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