Morgan Stanley Maintains Equal-Weight on Enphase Energy, Lowers Price Target to $159
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Andrew Percoco has maintained an Equal-Weight rating on Enphase Energy (NASDAQ:ENPH) but lowered the price target from $234 to $159.
September 06, 2023 | 1:50 pm
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NEGATIVE IMPACT
Enphase Energy's price target has been lowered from $234 to $159 by Morgan Stanley, though the Equal-Weight rating is maintained.
The lowering of the price target by Morgan Stanley indicates a potential decrease in the stock's value. However, the maintenance of the Equal-Weight rating suggests that the stock is still expected to perform in line with the market or its sector. This could lead to a short-term negative impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100