Morgan Stanley Maintains Equal-Weight on Maxeon Solar Technologies, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst David Nierengarten has maintained an Equal-Weight rating on Maxeon Solar Technologies (NASDAQ:MAXN) but reduced the price target from $14 to $5.
December 08, 2023 | 1:24 pm
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Morgan Stanley has maintained its Equal-Weight rating on Maxeon Solar Technologies but has significantly lowered the price target from $14 to $5.
The reduction in the price target by Morgan Stanley is a bearish signal, suggesting that the analyst sees less upside potential for the stock. This could lead to negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100