Form 8-K SUNPOWER CORP For: Aug 05
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Credit Suisse Downgrades SunPower (SPWR) to Neutral; Unexpected Guidance Cut 'Disconcerting'
August 10, 2016 7:24 AM EDTCredit Suisse downgraded SunPower (NASDAQ: SPWR) from Outperform to Neutral with a price target of $12.00 (from $32.00) as guidance slashed.
Analyst P. Jobin commented, ": We are downgrading SPWR from Outperform to Neutral and lowering our Target Price from $32 to $12; our estimates are cut to $0.36/$0.73/$0.69 from $1.15/$1.55/$1.64 for... More
