Baird Downgrades SunPower to Neutral, Lowers Price Target to $12
Portfolio Pulse from richadhand@benzinga.com
Baird analyst Ben Kallo has downgraded SunPower (NASDAQ:SPWR) from Outperform to Neutral and lowered the price target from $24 to $12.
July 27, 2023 | 9:18 am
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SunPower's rating has been downgraded from Outperform to Neutral by Baird, with a lowered price target from $24 to $12.
The downgrade from Outperform to Neutral by Baird, along with a significant reduction in the price target, indicates a less optimistic outlook for SunPower. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100