Wells Fargo Downgrades Enphase Energy to Equal-Weight, Lowers Price Target to $171
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Praneeth Satish has downgraded Enphase Energy (NASDAQ:ENPH) from Overweight to Equal-Weight and lowered the price target from $230 to $171.
July 28, 2023 | 11:38 am
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Enphase Energy has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a reduced price target of $171, down from $230.
The downgrade from Wells Fargo, a major financial institution, could negatively impact investor sentiment towards Enphase Energy. The lowered price target suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure.
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