Citigroup Maintains Sell on SunPower, Lowers Price Target to $0.25
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Vikram Bagri maintains a Sell rating on SunPower (NASDAQ:SPWR) and lowers the price target from $2.5 to $0.25.
July 19, 2024 | 8:21 pm
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NEGATIVE IMPACT
Citigroup analyst Vikram Bagri maintains a Sell rating on SunPower and significantly lowers the price target from $2.5 to $0.25.
The drastic reduction in the price target from $2.5 to $0.25 by a major financial institution like Citigroup is likely to negatively impact investor sentiment and the stock price of SunPower in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100