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Fly News Breaks for June 11, 2018
SPWR
Jun 11, 2018 | 07:40 EDT
As reported previously, Baird analyst Ben Kallo downgraded SunPower to Neutral from Outperform as he believes the stock is too difficult to own in the current market. The analyst said he still likes the management team and execution, but he believes it will be challenging for the company's premier product to command higher average selling prices if an oversupply environment were to materialize. Kallo lowered his price target to $7 from $10 on SunPower shares.
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