Exane BNP Paribas Initiates Coverage On SunPower with Underperform Rating, Announces Price Target of $4
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst Moses Sutton has initiated coverage on SunPower (NASDAQ:SPWR) with an Underperform rating and a price target of $4.
October 20, 2023 | 11:29 am
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NEGATIVE IMPACT
SunPower's stock may be negatively impacted in the short term due to the Underperform rating and low price target set by Exane BNP Paribas.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. The Underperform rating and low price target set by Exane BNP Paribas suggest that the analyst believes SunPower's stock is likely to underperform the market or its sector in the near term, which could lead to selling pressure and a potential decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100