SunPower shares are trading higher after Morgan Stanley maintained an Equal-Weight rating on the stock and raised its price target from $15 to $17.
Portfolio Pulse from Benzinga Newsdesk
SunPower shares are trading higher after Morgan Stanley maintained an Equal-Weight rating on the stock and raised its price target from $15 to $17.
July 17, 2023 | 4:45 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on SunPower and raised its price target from $15 to $17, leading to a rise in the company's shares.
The news of Morgan Stanley maintaining an Equal-Weight rating and raising the price target for SunPower is positive for the company. This indicates that the investment bank sees potential in the company's stock, leading to increased investor confidence and a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100