Enovix shares are trading lower after TD Cowen downgraded the stock from Outperform to Market Perform but raised its price target from $19 to $20.
Portfolio Pulse from Benzinga Newsdesk
TD Cowen has downgraded Enovix's stock from Outperform to Market Perform, but increased its price target from $19 to $20. This has resulted in Enovix shares trading lower.
July 21, 2023 | 7:35 pm
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Enovix's stock has been downgraded by TD Cowen, leading to a decrease in its share price. However, the price target has been raised, indicating potential future growth.
The downgrade by TD Cowen has led to a decrease in Enovix's share price in the short term. However, the increase in the price target suggests that the analysts see potential for the stock's price to increase in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100