BMO Capital Downgrades Enphase Energy to Market Perform, Lowers Price Target to $148
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Ameet Thakkar has downgraded Enphase Energy (NASDAQ:ENPH) from Outperform to Market Perform and lowered the price target from $175 to $148.
October 16, 2023 | 8:50 am
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Enphase Energy has been downgraded by BMO Capital from Outperform to Market Perform, with a reduced price target of $148.
The downgrade from BMO Capital is likely to negatively impact Enphase Energy's stock in the short term. The reduced price target suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure.
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