UBS Downgrades Maxeon Solar Technologies to Sell, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
UBS analyst William Grippin downgraded Maxeon Solar Technologies (MAXN) from Neutral to Sell and reduced the price target from $7 to $3.
March 08, 2024 | 2:01 pm
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UBS downgraded Maxeon Solar Technologies to Sell and lowered the price target to $3.
The downgrade from Neutral to Sell by a major analyst like UBS, coupled with a significant reduction in the price target from $7 to $3, is likely to negatively impact investor sentiment towards Maxeon Solar Technologies. This could lead to a decrease in stock price in the short term as the market adjusts to the new valuation and expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100