Raymond James Maintains Outperform on Enphase Energy, Lowers Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Pavel Molchanov has maintained an 'Outperform' rating on Enphase Energy (NASDAQ:ENPH), but lowered the price target from $225 to $175.
October 03, 2023 | 5:01 pm
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Enphase Energy's price target has been lowered from $225 to $175 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the company, which could counterbalance the negative sentiment to some extent.
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IMPORTANCE 80
RELEVANCE 100