Keybanc Maintains Overweight on Enphase Energy, Lowers Price Target to $148
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Sophie Karp has maintained an Overweight rating on Enphase Energy (NASDAQ:ENPH) but lowered the price target from $200 to $148.
October 05, 2023 | 11:21 am
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Enphase Energy's price target has been lowered from $200 to $148 by Keybanc, though the Overweight rating is maintained.
The lowering of the price target by Keybanc indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that the stock is still expected to outperform. This could lead to mixed market reactions, but the lowered price target is likely to have a negative short-term impact.
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IMPORTANCE 80
RELEVANCE 100