Goldman Sachs Maintains Sell on SunPower, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brian Lee has reiterated a Sell rating on SunPower (NASDAQ:SPWR) and reduced the price target from $4 to $2.5.
January 22, 2024 | 12:51 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Sell rating on SunPower and cuts the price target to $2.5, indicating a bearish outlook on the stock.
The reduction in price target by a major financial institution like Goldman Sachs suggests a negative outlook on SunPower's stock performance in the short term. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100