B of A Securities Downgrades SunPower to Underperform, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Julien Dumoulin-Smith has downgraded SunPower (NASDAQ:SPWR) from Neutral to Underperform and lowered the price target from $11 to $7.
July 26, 2023 | 11:34 pm
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NEGATIVE IMPACT
SunPower's rating has been downgraded from Neutral to Underperform by B of A Securities, with a lowered price target from $11 to $7.
The downgrade from B of A Securities is a negative signal for SunPower. The lowered price target from $11 to $7 indicates a bearish outlook for the stock, which could lead to a decrease in its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100