JP Morgan Maintains Overweight on Enphase Energy, Lowers Price Target to $169
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 $199 to $169.
September 15, 2023 | 2:34 pm
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NEGATIVE IMPACT
Enphase Energy's price target has been lowered from $199 to $169 by JP Morgan, though the Overweight rating is maintained.
The lowering of the price target by JP Morgan indicates a potential decrease in the short-term value of Enphase Energy's stock. However, the maintained Overweight rating suggests that the stock is still expected to outperform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100