Morgan Stanley Maintains Equal-Weight on Enphase Energy, Lowers Price Target to $234
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Andrew Percoco has maintained an Equal-Weight rating on Enphase Energy (NASDAQ:ENPH) and lowered the price target from $268 to $234.
July 17, 2023 | 1:32 pm
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Enphase Energy's price target has been lowered from $268 to $234 by Morgan Stanley, while maintaining an Equal-Weight rating.
The lowering of the price target by a major financial institution like Morgan Stanley could potentially lead to a decrease in the stock price of Enphase Energy in the short term. The Equal-Weight rating suggests that the stock is expected to perform in line with the market or other stocks in the sector.
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IMPORTANCE 80
RELEVANCE 100