Morgan Stanley Maintains Equal-Weight on Enphase Energy, Raises Price Target to $97
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Andrew Percoco has maintained an Equal-Weight rating on Enphase Energy (NASDAQ:ENPH) and increased the price target from $94 to $97.
December 08, 2023 | 1:14 pm
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Morgan Stanley has reaffirmed its Equal-Weight rating on Enphase Energy and raised the price target to $97, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive sentiment towards Enphase Energy's stock. While the rating remains unchanged, the higher price target can be seen as an endorsement of the company's potential for growth or stability, which may positively influence investor perception and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100