UBS Cuts Array Technologies' Price Target to $10, Maintains Buy Rating

UBS lowered its price target on Array Technologies (ARRY) to $10 from $15 while maintaining a Buy rating. Morgan Stanley also reduced its price target to $7 from $9 and kept an Equal Weight rating. The adjustments reflect updated valuation assumptions following the company's recent earnings results. Array Technologies expects full-year 2026 revenue of $1.4 billion to $1.5 billion and adjusted EBITDA of $200 million to $230 million.