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Analysts positive on Sunpower Group's M&S divestment

Lim Hui Jie
Lim Hui Jie • 5 min read
Analysts positive on Sunpower Group's M&S divestment
Both UOB Kay Hian and DBS Group Research have rated Sunpower at "buy".
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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).

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