Sunrun Stock Sinks on Jefferies Downgrade

Solar stock Sunrun Inc (NASDAQ:RUN) was last seen down 4.2% at $8.49 after a downgrade from Jefferies to "underperform" from "hold." The firm also cut its price target to $5 from $6, and upgraded sector peer First Solar (FSLR) to "buy," seeing it as a better play amid import restrictions. Notably, Jefferies previously cut RUN's price target to $6 from $7 just two weeks ago. Of the 24 analysts in coverage, 11 carry a "buy" or "strong buy," while 11 sport a tepid "hold," and two a "sell" or worse. The stock h ...