Deutsche Bank Downgrades Enphase Energy to Hold, Lowers Price Target to $165
Portfolio Pulse from richadhand@benzinga.com
Deutsche Bank analyst Corinne Blanchard has downgraded Enphase Energy (NASDAQ:ENPH) from Buy to Hold and lowered the price target from $200 to $165.
July 28, 2023 | 11:39 am
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NEGATIVE IMPACT
Enphase Energy has been downgraded from Buy to Hold by Deutsche Bank, with a lowered price target of $165.
The downgrade from Buy to Hold by Deutsche Bank indicates a less optimistic outlook for Enphase Energy. The lowering of the price target from $200 to $165 also suggests that the bank expects the stock to underperform compared to previous expectations. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100