Analysts Just Trimmed Price Targets for These 5 Stocks

04. Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN)

Price Reaction after the Price Target Cut: -0.68 (-4.20%)

On September 6, Morgan Stanley adjusted its target for Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN). The previous target of $30.00 has been reduced to $22.00, indicating a decrease of approximately 4.2%. Furthermore, the analyst has maintained the stock’s rating at “Equal Weight.” This update from Morgan Stanley reflects a change in their outlook for Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), potentially influenced by various factors, including the company’s performance, industry trends, or broader market conditions. While the new target still implies some potential upside from the current market price of $15.50, the lower target price suggests a more cautious stance than the previous assessment. Investors may want to consider this information when considering their investment decisions.