BofA raised the firm’s price target on SolarEdge (SEDG) to $14 from $12 and keeps an Underperform rating on the shares. Following Q4 results, the firm said that key challenge persist for the company, and that while liquidity concerns are easing, it remains skeptical about ta meaningful near-term recovery in European demand and the U.S. residential segment. The firm added that its higher price target is based on lowered estimates.
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