Citigroup Maintains Buy on Enphase Energy, Lowers Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Vikram Bagri has maintained a 'Buy' rating on Enphase Energy (NASDAQ:ENPH) but lowered the price target from $267 to $240.
July 19, 2023 | 7:30 pm
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NEUTRAL IMPACT
Enphase Energy's price target has been lowered by Citigroup from $267 to $240, though the 'Buy' rating is maintained.
While the lowered price target might initially seem negative, the maintained 'Buy' rating indicates that Citigroup still sees potential in Enphase Energy. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100