SunPower shares are trading lower after Morgan Stanley downgraded the stock from Equal-Weight to Underweight and lowered its price target from $8 to $5.
Portfolio Pulse from Benzinga Newsdesk
SunPower's stock has been downgraded by Morgan Stanley from Equal-Weight to Underweight, with its price target also being reduced from $8 to $5. This has resulted in SunPower shares trading lower.
October 17, 2023 | 1:13 pm
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SunPower's stock has been downgraded by Morgan Stanley, leading to a decrease in its share price. The price target has also been lowered from $8 to $5.
The downgrade by Morgan Stanley from Equal-Weight to Underweight indicates a negative outlook for SunPower's stock. This, coupled with the reduction in price target from $8 to $5, has led to a decrease in the share price. This news is highly relevant and important for investors in SunPower, hence the high scores.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100