Citigroup Downgrades SunPower to Sell, Lowers Price Target to $4.5
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Vikram Bagri has downgraded SunPower (NASDAQ:SPWR) from Neutral to Sell and lowered the price target from $10 to $4.5.
October 17, 2023 | 3:22 pm
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SunPower's stock has been downgraded to Sell by Citigroup with a lowered price target of $4.5.
The downgrade from Neutral to Sell by Citigroup, a major financial institution, along with a significant reduction in the price target, indicates a negative outlook for SunPower. This could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100