JP Morgan Maintains Underweight on SunPower, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Strouse has maintained an Underweight rating on SunPower (NASDAQ:SPWR) and lowered the price target from $9 to $6.
October 19, 2023 | 7:21 pm
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SunPower's price target has been lowered from $9 to $6 by JP Morgan, which maintains an Underweight rating on the stock.
The lowering of the price target by a major financial institution like JP Morgan indicates a bearish outlook for the stock. This could potentially lead to a decrease in the stock's price in the short term.
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IMPORTANCE 80
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