Array Technologies Inc. (ARRY) saw its stock price plummet 5.41% during Monday's intraday trading session.
The sharp decline comes after Morgan Stanley lowered its price target on the solar tracking company to $7 from $9, while maintaining an Equal Weight rating on the stock.
Analyst price target reductions often signal concerns about a company's future earnings potential or valuation, which can trigger negative investor sentiment and selling pressure in the market.
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