BofA analyst Julien Dumoulin-Smith upgraded SunPower Corp. to Neutral from Underperform with a price target of $23, up from $13 (3 percent downside). The re-rating followed the company’s analyst day, which he said offered clarity on the growth trajectory. Given what he calls “admittedly a robust turnaround plan with specific steps,” Dumoulin-Smith made “material” upward revisions to his estimates…
Analysts Raise Price Target on SunPower, Still See Downside
April 6, 2022
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