JP Morgan Maintains Overweight on Enphase Energy, Lowers Price Target to $199
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Strouse has maintained an Overweight rating on Enphase Energy (NASDAQ:ENPH) but lowered the price target from $224 to $199.
July 28, 2023 | 10:59 am
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NEUTRAL IMPACT
Enphase Energy's price target has been lowered by JP Morgan from $224 to $199, though the Overweight rating is maintained.
The news of JP Morgan lowering the price target for Enphase Energy might cause some investors to reassess their positions, potentially leading to short-term volatility. However, the maintained Overweight rating indicates that the analyst still sees the stock as a good investment, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100