Truist Securities Maintains Buy on Enphase Energy, Lowers Price Target to $210
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Jordan Levy has maintained a 'Buy' rating on Enphase Energy (NASDAQ:ENPH) but lowered the price target from $240 to $210.
July 31, 2023 | 3:34 pm
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Enphase Energy's price target has been lowered from $240 to $210 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside in the stock, which could counterbalance the negative impact.
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IMPORTANCE 80
RELEVANCE 100