Barclays Maintains Equal-Weight on Enphase Energy, Lowers Price Target to $221
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandt Montour has maintained an Equal-Weight rating on Enphase Energy (NASDAQ:ENPH) and lowered the price target from $226 to $221.

July 18, 2023 | 1:21 pm
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NEGATIVE IMPACT
Enphase Energy's price target has been lowered by Barclays from $226 to $221, while maintaining an Equal-Weight rating.
The lowering of the price target by Barclays indicates a potential decrease in the stock's value. However, the maintained Equal-Weight rating suggests that the stock is expected to perform in line with the sector or the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100