Sunrun shares are trading lower after Keybanc maintained an Overweight rating on the stock but lowered its price target from $24 to $21.
Portfolio Pulse from Benzinga Newsdesk
Keybanc has maintained an Overweight rating on Sunrun's stock but lowered its price target from $24 to $21. This has led to a decrease in Sunrun's share price.
October 05, 2023 | 5:01 pm
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Sunrun's stock price is trading lower after Keybanc maintained an Overweight rating but lowered its price target from $24 to $21.
The decrease in Sunrun's share price is directly linked to Keybanc's decision to lower its price target for the stock. Despite maintaining an Overweight rating, which typically suggests that the stock is expected to outperform the market, the lowered price target indicates a reduced future valuation, which can negatively impact investor sentiment and drive the stock price down in the short term.
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