JP Morgan Maintains Overweight on Sunrun, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Strouse has maintained an Overweight rating on Sunrun (NASDAQ:RUN) but lowered the price target from $21 to $16.
November 02, 2023 | 9:59 pm
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JP Morgan has maintained an Overweight rating on Sunrun but lowered the price target from $21 to $16.
The lowering of the price target by JP Morgan could potentially lead to a decrease in Sunrun's stock price in the short term as it indicates a lower valuation for the company. However, the maintained Overweight rating suggests that the analyst still sees potential upside in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100