Morgan Stanley Maintains Equal-Weight on Enphase Energy, Lowers Price Target to $94
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Andrew Percoco has maintained an Equal-Weight rating on Enphase Energy (NASDAQ:ENPH) but has reduced the price target from $135 to $94.
November 20, 2023 | 1:37 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Enphase Energy but lowered the price target from $135 to $94, indicating a potential downside based on the analyst's view.
The reduction in price target by a prominent analyst like Morgan Stanley suggests a reassessment of Enphase Energy's valuation, which could lead to a negative investor sentiment and a potential short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100