KeyBanc analyst Sophie Karp upgraded Sunrun to Overweight from Sector Weight with a $27 price target. The analyst cites an attractive valuation, "encouraging" data from California, and the firm’s view that residential solar companies have sufficient pricing power to execute in the higher interest rate environment for the upgrade. The firm believes we’re nearing the end of the tightening cycle and sees an attractive risk/reward at these share levels.
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