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Fly News Breaks for April 23, 2018
SPWR
Apr 23, 2018 | 06:36 EDT
As previously reported, BofA/Merrill downgraded SunPower to Underperform from Neutral and cut its price target to $7 from $8.50. Analyst Julien Dumoulin-Smith has increased concerns regarding the impact on sales and margin from import tariffs on SunPower's premium business and increased concerns on an EBITDA recovery. The analyst said shares are fully valued and a further "paring back" of the business in Q1.
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