Piper Sandler Maintains Neutral on SunPower, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Kashy Harrison maintains a Neutral rating on SunPower (NASDAQ:SPWR) and lowers the price target from $8 to $7.
August 08, 2023 | 8:06 pm
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NEGATIVE IMPACT
SunPower's price target has been lowered from $8 to $7 by Piper Sandler, which maintains a Neutral rating on the stock.
The lowering of the price target by Piper Sandler indicates a potential decrease in the stock's value. The maintained Neutral rating suggests that the stock is not expected to outperform the market, which could discourage investors and exert downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100