Morgan Stanley Maintains Equal-Weight on SunPower, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Equal-Weight rating on SunPower (NASDAQ:SPWR) and lowered the price target from $17 to $8.
September 06, 2023 | 2:11 pm
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SunPower's price target has been lowered from $17 to $8 by Morgan Stanley, while maintaining an Equal-Weight rating.
The lowering of the price target by a significant margin indicates a bearish outlook for the stock. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100