Evercore ISI Group Downgrades SunPower to In-Line, Maintains Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Sean Morgan downgraded SunPower (NASDAQ:SPWR) from Outperform to In-Line while maintaining the price target at $6.

April 23, 2024 | 10:18 am
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SunPower was downgraded by Evercore ISI Group from Outperform to In-Line, with the price target maintained at $6.
The downgrade reflects a neutral view on SunPower's stock by Evercore ISI Group, suggesting that the stock might perform in line with the market. The maintenance of the price target at $6 indicates that the analyst believes the stock is fairly valued at its current level. This could lead to a neutral short-term impact on the stock price as investors digest the downgrade but also consider the maintained price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100