UPDATE: Jefferies Lowers PT to $9 on SunPower

A report from Jefferies reiterates its Hold rating and lowers its price target from $12 to $9 on SunPower (NASDAQ; SPWRA). The report states, “SPWR missed 3Q11 revenue and margin expectations and significantly lowered its 4Q11 guidance. The CFO leaving the company is a negative but the company is taking measures to lower its opex, cut back capex, and focus on cost reduction." SPWRA closed yesterday at $8.76.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Analyst ColorEarningsNewsPrice TargetAnalyst RatingsJefferies & Company
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!