Truist analyst Jordan Levy lowered the firm’s price target on Sunrun to $35 from $52 but keeps a Buy rating on the shares ahead of its Q4 results tomorrow. The company is well positioned to execute against a challenging macro backdrop for 2023 given its notable growth in net subscriber value through Q3, the analyst tells investors in a research note, also stating that this is a trend expected to continue with upcoming Q4 results. Truist further states however that its price target cut reflects the near-term macro and market headwinds for Sunrun.
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