Truist Securities Maintains Hold on SunPower, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jordan Levy has maintained a Hold rating on SunPower (NASDAQ:SPWR) but has reduced the price target from $5 to $3.5.
January 23, 2024 | 5:08 pm
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Truist Securities has maintained a Hold rating on SunPower but lowered the price target from $5 to $3.5, indicating a potential downside from the previous target.
The reduction in price target by Truist Securities suggests that the analyst sees less upside potential for SunPower's stock, which could lead to negative sentiment among investors and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100