Mizuho Maintains Neutral on SunPower, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Maheep Mandloi maintains a Neutral rating on SunPower (NASDAQ:SPWR) and lowers the price target from $5 to $4.
April 19, 2024 | 5:30 pm
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Mizuho analyst Maheep Mandloi maintains a Neutral rating on SunPower and lowers the price target from $5 to $4.
The reduction in price target by Mizuho reflects a negative outlook on SunPower's stock price in the short term. A lower price target can often lead to a decrease in investor confidence and potentially a decrease in stock price, especially when the rating is maintained at Neutral, indicating no strong positive catalysts in the near term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100