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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100