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Home / Capital / Brokers Calls

Analysts positive on Sunpower Group's M&S divestment

Broker's Calls

Analysts positive on Sunpower Group's M&S divestment

Lim Hui Jie Published on Mon, Jan 11, 2021 / 1:09 PM GMT+8

UOB Kay Hian Research’s John Cheong and Clement Ho have maintained their “buy” call on Sunpower Group with a raised target price of $1.10, up from its previous target price of 92 cents.

In a Jan 11 note, Cheong and Ho said Sunpower is selling its manufacturing & services (M&S) business for RMB2.29 billion ($468 million).

See: Sunpower disposes manufacturing and services business for $463.0 mil