Truist Securities Maintains Hold on SunPower, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jordan Levy has maintained a 'Hold' rating on SunPower (NASDAQ:SPWR) and lowered the price target from $10 to $6.
October 04, 2023 | 1:40 pm
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SunPower's price target has been lowered from $10 to $6 by Truist Securities, which maintains a 'Hold' rating on the stock.
The lowering of the price target by Truist Securities indicates a bearish outlook for SunPower in the short term. This could potentially lead to a decrease in the stock price as investors adjust their expectations based on the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100