Raymond James Maintains Outperform on Maxeon Solar Technologies, Lowers Price Target to $28
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Pavel Molchanov maintains an Outperform rating on Maxeon Solar Technologies (NASDAQ:MAXN) but has lowered the price target from $34 to $28.
August 11, 2023 | 12:23 pm
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NEUTRAL IMPACT
Maxeon Solar Technologies' price target has been lowered from $34 to $28 by Raymond James, though the Outperform rating is maintained.
The news is directly about Maxeon Solar Technologies. The lowering of the price target might indicate a potential downside in the short term, but the maintained Outperform rating suggests that the analyst still sees the company as a good investment. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100