Raymond James Maintains Outperform on Maxeon Solar Technologies, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Pavel Molchanov maintains an 'Outperform' rating on Maxeon Solar Technologies (NASDAQ:MAXN), but has lowered the price target from $28 to $20.

October 03, 2023 | 5:04 pm
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Maxeon Solar Technologies' price target has been lowered from $28 to $20 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the company, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100