Citigroup Maintains Sell on SunPower, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Vikram Bagri has maintained a Sell rating on SunPower (NASDAQ:SPWR) and reduced the price target from $3 to $2.5.

March 28, 2024 | 1:28 pm
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Citigroup has maintained a Sell rating on SunPower and lowered the price target from $3 to $2.5.
The reduction in price target by Citigroup, a major financial institution, along with the maintenance of a Sell rating, is likely to negatively impact investor sentiment towards SunPower in the short term. This could lead to a decrease in the stock price as the market adjusts to the new valuation guidance.
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IMPORTANCE 90
RELEVANCE 100