Raymond James Maintains Strong Buy on SunPower, Lowers Price Target to $17
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Pavel Molchanov maintains a Strong Buy rating on SunPower (NASDAQ:SPWR), but has lowered the price target from $21 to $17.

July 27, 2023 | 8:53 am
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NEUTRAL IMPACT
SunPower's price target has been lowered from $21 to $17 by Raymond James, though the Strong Buy rating is maintained.
While the lowering of the price target might initially seem negative, the maintenance of the Strong Buy rating indicates that the analyst still sees significant potential in the stock. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100