Piper Sandler Upgrades Sunrun to Overweight, Raises Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Kashy Harrison upgraded Sunrun (NASDAQ:RUN) from Neutral to Overweight and increased the price target from $15 to $31, indicating a positive outlook on the company's stock.
December 19, 2023 | 11:47 am
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POSITIVE IMPACT
Sunrun's stock rating has been upgraded by Piper Sandler from Neutral to Overweight, with the price target also raised from $15 to $31, suggesting a bullish stance on the stock's future performance.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved performance or potential of the company. The doubling of the price target from $15 to $31 by a reputable analyst like Kashy Harrison is a strong endorsement of Sunrun's prospects, likely leading to increased investor confidence and a rise in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100