Guggenheim Downgrades Enphase Energy to Sell, Announces $92 Price Target
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Joseph Osha downgraded Enphase Energy (ENPH) from Neutral to Sell and set a price target of $92.

April 24, 2024 | 10:51 am
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NEGATIVE IMPACT
Enphase Energy was downgraded by Guggenheim from Neutral to Sell with a new price target of $92.
The downgrade from Neutral to Sell by a prominent analyst like Joseph Osha suggests a bearish outlook on Enphase Energy's stock. The setting of a price target to $92, depending on the current price, could indicate a potential decrease in stock value. Analyst ratings, especially downgrades, can significantly influence investor sentiment and stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100