Northland Capital Markets Downgrades Maxeon Solar Technologies to Market Perform, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets analyst Donovan Schafer downgraded Maxeon Solar Technologies (NASDAQ:MAXN) from Outperform to Market Perform and reduced the price target from $25 to $7.
November 16, 2023 | 1:32 pm
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NEGATIVE IMPACT
Maxeon Solar Technologies was downgraded by Northland Capital Markets from Outperform to Market Perform, with a significant price target cut from $25 to $7.
The downgrade by a reputable analyst, along with a drastic reduction in the price target, is likely to negatively impact investor sentiment and could lead to a short-term decline in MAXN's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100