Mizuho Maintains Neutral on SunPower, Raises Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Maheep Mandloi has maintained a Neutral rating on SunPower (NASDAQ:SPWR) and increased the price target from $5 to $6.
January 03, 2024 | 6:51 pm
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Mizuho has maintained a Neutral rating on SunPower but raised the price target from $5 to $6, indicating a potential upside from the previous target.
The increase in price target by Mizuho suggests a positive outlook on SunPower's valuation, which could lead to a short-term increase in investor confidence and potentially a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100