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Fly News Breaks for February 13, 2020
SPWR
Feb 13, 2020 | 06:57 EDT
Cowen analyst Jeffrey Osborne downgraded SunPower to Market Perform from Outperform with an unchanged price target of $10, citing valuation. While he is optimistic proposed Maxeon spinoff can unlock additional value, he thinks near- and mid-term catalysts as largely baked in at the current trading levels, Osborne tells investors.