JP Morgan Maintains Overweight on Enphase Energy, Lowers Price Target to $155
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 $169 to $155.
October 19, 2023 | 12:03 pm
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NEGATIVE IMPACT
Enphase Energy's price target has been lowered by JP Morgan from $169 to $155, though the Overweight rating is maintained.
The lowering of the price target by JP Morgan could lead to a negative sentiment among investors, potentially causing a short-term decrease in the stock price. However, the maintained Overweight rating indicates that the stock is still expected to outperform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100