Enphase Energy shares are trading lower after Piper Sandler maintained a Neutral rating on the stock and lowered its price target from $120 to $117.
Portfolio Pulse from Benzinga Newsdesk
Enphase Energy's stock (ENPH) is trading lower following Piper Sandler's decision to maintain a Neutral rating and reduce the price target from $120 to $117.

January 12, 2024 | 7:35 pm
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NEGATIVE IMPACT
Enphase Energy's stock price is experiencing downward pressure after an analyst at Piper Sandler maintained a Neutral rating and lowered the price target.
Analyst ratings and price target adjustments are significant factors that investors consider when assessing a stock's value. The reduction in price target by Piper Sandler, even though slight, suggests a tempered expectation of the stock's future performance, which can lead to short-term negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100