UBS Maintains Sell on Maxeon Solar Technologies, Lowers Price Target to $2.75
Portfolio Pulse from Benzinga Newsdesk
UBS analyst William Grippin has maintained a Sell rating on Maxeon Solar Technologies (NASDAQ:MAXN) and reduced the price target from $3 to $2.75.
April 09, 2024 | 4:10 pm
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NEGATIVE IMPACT
UBS analyst William Grippin maintains a Sell rating on Maxeon Solar Technologies, with a reduced price target from $3 to $2.75.
The reduction in price target by a significant financial institution like UBS, especially when maintaining a Sell rating, is likely to negatively impact investor confidence and potentially lead to a decrease in the stock price of Maxeon Solar Technologies in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100