HSBC Downgrades Enphase Energy to Hold, Announces $86 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Daniel Yang has downgraded Enphase Energy (NASDAQ:ENPH) from Buy to Hold and set a price target of $86.
October 27, 2023 | 2:29 pm
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NEGATIVE IMPACT
Enphase Energy has been downgraded by HSBC from Buy to Hold, with a new price target of $86.
The downgrade from Buy to Hold by HSBC indicates a less optimistic outlook for Enphase Energy. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $86 also provides a benchmark for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100