UBS Maintains Neutral on Maxeon Solar Technologies, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
UBS analyst William Grippin has maintained a Neutral rating on Maxeon Solar Technologies (NASDAQ:MAXN) but has reduced the price target from $11 to $7.
November 16, 2023 | 6:25 pm
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NEGATIVE IMPACT
UBS analyst William Grippin maintains a Neutral rating on Maxeon Solar Technologies but lowers the price target from $11 to $7.
The reduction in price target by UBS suggests a bearish outlook on the stock's value, which could lead to a negative short-term impact on Maxeon Solar Technologies' stock price. As price targets by major analysts are closely watched by investors, this revision could result in a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100