Barclays Downgrades Penguin Solutions to Underweight From Equalweight, Price Target is $40
Barclays has downgraded Penguin Solutions (PENG) from an "Equalweight" to an "Underweight" rating. This adjustment comes with a new price target of $40 for the company's stock. The article also provides recent news about Penguin Solutions, including convertible notes offerings and Q3 2026 earnings …