B of A Securities Downgrades Maxeon Solar Technologies to Neutral, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Julien Dumoulin-Smith has downgraded Maxeon Solar Technologies (NASDAQ:MAXN) from Buy to Neutral and lowered the price target from $31 to $12.

October 16, 2023 | 2:15 pm
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Maxeon Solar Technologies has been downgraded from Buy to Neutral by B of A Securities, with a lowered price target from $31 to $12.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for Maxeon Solar Technologies. The significant reduction in the price target from $31 to $12 suggests that the analyst sees less upside potential in the stock, which could negatively impact investor sentiment and put downward pressure on the stock price in the short term.
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