Mizuho lowered the firm’s price target on Maxeon Solar to $7 from $8 and keeps a Neutral rating on the shares. The analyst cites lower relative multiples for the target drop. Heading into the Q4 reports, the firm firm prefers companies with strong visibility in utility solar space. Residential solar and inverter companies look attractive but face slower growth in the first half of 2024, the analyst tells investors in a research note.
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