Raymond James Downgrades SunPower to Outperform, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Pavel Molchanov has downgraded SunPower (NASDAQ:SPWR) from Strong Buy to Outperform and lowered the price target from $17 to $9.
October 03, 2023 | 10:26 am
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SunPower's rating has been downgraded from Strong Buy to Outperform by Raymond James, with a lowered price target from $17 to $9.
The downgrade from Strong Buy to Outperform indicates a less optimistic outlook for SunPower's stock. The lowered price target from $17 to $9 suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
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