Jefferies analyst Julien Dumoulin-Smith lowered the firm’s price target on Sunrun (RUN) to $17 from $19 and keeps a Buy rating on the shares. The firm expects a “strong” quarter with execution on cash generation targets as proceeds from bonus credits “finally flow through,” the analyst tells investors in a Q4 preview. Despite recent residential softness and growing uncertainty, the firm sees Sunrun as on track to deliver 2025 cash targets and views the stock as “better de-risked” in the near-term than peers, the analyst added.
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