Raymond James Maintains Outperform on Maxeon Solar Technologies, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Pavel Molchanov maintains an Outperform rating on Maxeon Solar Technologies (NASDAQ:MAXN) but lowers the price target from $10 to $8.
April 03, 2024 | 5:58 pm
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Raymond James maintains an Outperform rating on Maxeon Solar Technologies but lowers the price target from $10 to $8.
While the maintenance of an Outperform rating by Raymond James indicates continued confidence in Maxeon Solar Technologies' fundamentals and growth prospects, the reduction in the price target from $10 to $8 could signal concerns about near-term challenges or market conditions that might affect the stock's performance. This mixed signal is likely to have a neutral short-term impact on MAXN's stock price as positive sentiment from the maintained Outperform rating could be offset by the negative sentiment from the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100