SunPower's (SPWR) Section 201 Tariff Exemption Offers Upside Opportunity, PT To $9 At JPMorgan

September 19, 2018 7:16 AM EDT
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Price: $24.71 +0.32%

Rating Summary:
    10 Buy, 22 Hold, 10 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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JPMorgan analyst, Paul Coster, reiterated his Neutral rating on shares of SunPower (NASDAQ: SPWR) and raised his price target to $9.00 from $8.50 after the company announced that its request for Section 201 tariff exemption has been granted by the USTR.

The analyst stated "We believe the announcement is positive, eliminating an overhang for the stock and providing a competitive advantage over international competitors. We believe there is now upside to the company's guidance, which assumes that the tariffs remain in place".

For an analyst ratings summary and ratings history on SunPower click here. For more ratings news on SunPower click here.

Shares of SunPower closed at $7.95 yesterday.

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