BUZZ-Sunrun falls after Piper Sandler cuts to 'neutral'

Reuters11-22 19:30

** Shares of Sunrun RUN.O down 1.9% at $10.02 premarket

** Piper Sandler downgrades to "neutral" from "overweight", cuts PT to $11 from $23

** Says downgrading stock given cash generation uncertainty (post safe-harbor) under brokerage's base case amid a higher-for-longer rate environment

** 14 brokerages rate RUN the equivalent "buy" or "strong buy", 12 "hold" and 1 "sell"; median PT is $18.5- LSEG data

** As of last close, stock down 47.9% YTD

(Reporting by Sukriti Gupta in Bengaluru)

((Sukriti.Gupta@thomsonreuters.com;))

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