Sunrun shares are trading higher after Piper Sandler upgraded the stock from Neutral to Overweight and raised its price target from $15 to $31.
Portfolio Pulse from Benzinga Newsdesk
Sunrun Inc. shares have risen following an upgrade by Piper Sandler from Neutral to Overweight, with a price target increase from $15 to $31.
December 19, 2023 | 2:09 pm
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POSITIVE IMPACT
Piper Sandler upgraded Sunrun Inc. to Overweight from Neutral and increased the price target to $31 from $15, indicating a positive outlook on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest a better-than-previously-expected performance and outlook for the company. The substantial increase in the price target from $15 to $31 by Piper Sandler is likely to boost investor confidence in Sunrun Inc., potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100