Morgan Stanley Maintains Equal-Weight on Maxeon Solar Technologies, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst David Nierengarten has maintained an Equal-Weight rating on Maxeon Solar Technologies (NASDAQ:MAXN) and lowered the price target from $32 to $30.
July 17, 2023 | 2:14 pm
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Morgan Stanley has maintained an Equal-Weight rating on Maxeon Solar Technologies and lowered the price target from $32 to $30.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of Maxeon Solar Technologies in the short term. This is because the new price target suggests that the analyst believes the stock is currently overvalued.
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