Scotiabank Downgrades Enphase Energy to Sector Perform, Announces $140 Price Target
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Tristan Richardson has downgraded Enphase Energy (NASDAQ:ENPH) from Sector Outperform to Sector Perform and set a price target of $140.
October 19, 2023 | 1:51 pm
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Enphase Energy has been downgraded by Scotiabank from Sector Outperform to Sector Perform, with a price target of $140.
The downgrade from Scotiabank could potentially lead to a short-term negative impact on Enphase Energy's stock price. The new rating suggests that the analyst believes the company's stock will perform in line with the sector, rather than outperform it. However, the price target of $140 indicates that the analyst still sees potential for the stock's price to increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100