Citigroup Upgrades Sunrun to Buy, Lowers Price Target to $21
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Vikram Bagri has upgraded Sunrun (NASDAQ:RUN) from Neutral to Buy and lowered the price target from $25 to $21.
August 30, 2023 | 11:54 am
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Sunrun's stock has been upgraded to Buy by Citigroup, but the price target has been lowered from $25 to $21.
The upgrade from Neutral to Buy indicates a positive outlook for Sunrun's stock. However, the lowering of the price target from $25 to $21 suggests that while the stock is expected to perform well, it may not reach its previous target. This could lead to a short-term increase in the stock price due to the upgrade, but the lower price target may limit the potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100