Sunrun price target lowered to $11 from $20 at BMO Capital

BMO Capital lowered the firm’s price target on Sunrun (RUN) to $11 from $20 and keeps a Market Perform rating on the shares. The company’s Q3 earnings call was a microcosm of the frustrations investors have had with the residential solar installer sub-sector for some time, and there is not a particular metric that lends itself to establishing a tangible valuation floor, the analyst tells investors in a research note.