Roth MKM Downgrades Maxeon Solar Technologies to Neutral, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Philip Shen has downgraded Maxeon Solar Technologies (NASDAQ:MAXN) from Buy to Neutral and lowered the price target from $25 to $10.
October 11, 2023 | 4:41 pm
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NEGATIVE IMPACT
Maxeon Solar Technologies has been downgraded from Buy to Neutral by Roth MKM, with the price target also being lowered from $25 to $10.
The downgrade from Buy to Neutral by Roth MKM indicates a less optimistic outlook for Maxeon Solar Technologies. The significant reduction in the price target from $25 to $10 also 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