Enphase Energy shares are trading lower as growth stocks fall amid rising Treasury yields. Raymond James maintained an Outperform rating on the stock but lowered its price target from $225 to $175.
Portfolio Pulse from Bill Haddad
Enphase Energy's shares are trading lower as growth stocks fall due to rising Treasury yields. Raymond James has maintained an Outperform rating on the stock but lowered its price target from $225 to $175.
October 03, 2023 | 5:31 pm
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Enphase Energy's stock price is falling due to rising Treasury yields. Despite this, Raymond James has maintained an Outperform rating but lowered its price target.
The stock price of Enphase Energy is falling due to the impact of rising Treasury yields on growth stocks. This is a direct impact on the company's stock price. Additionally, while Raymond James has maintained an Outperform rating, indicating a positive outlook, they have lowered their price target, which could indicate a less optimistic future outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100