Raymond James Maintains Outperform on SunPower, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Pavel Molchanov has maintained an 'Outperform' rating on SunPower (NASDAQ:SPWR), but lowered the price target from $9 to $6.

November 02, 2023 | 8:30 am
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NEGATIVE IMPACT
SunPower's price target has been lowered from $9 to $6 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could lead to a negative sentiment among investors, potentially causing a short-term decrease in SunPower's stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100