Truist Securities Downgrades Sunrun to Hold, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jordan Levy has downgraded Sunrun (NASDAQ:RUN) from Buy to Hold and lowered the price target from $30 to $12.
October 04, 2023 | 1:26 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Sunrun's stock has been downgraded by Truist Securities from Buy to Hold, with a lowered price target from $30 to $12.
The downgrade from Buy to Hold by Truist Securities indicates a less optimistic outlook for Sunrun's stock. The significant reduction in the price target from $30 to $12 suggests that the analyst believes the stock is overvalued at its current price. This could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100