Piper Sandler Maintains Neutral on SunPower, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Kashy Harrison maintains a Neutral rating on SunPower (NASDAQ:SPWR) and lowers the price target from $3 to $2.5.
March 11, 2024 | 12:02 pm
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NEGATIVE IMPACT
Piper Sandler maintains a Neutral rating on SunPower and lowers the price target from $3 to $2.5.
The reduction in price target by Piper Sandler from $3 to $2.5 reflects a negative outlook on SunPower's stock value in the short term. Given the analyst's neutral stance remains unchanged, the adjustment in price target is likely to influence investor sentiment negatively, potentially leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100