Jefferies Downgrades Enphase Energy to Hold, Lowers Price Target to $111
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Dushyant Ailani downgraded Enphase Energy (ENPH) from Buy to Hold and reduced the price target from $135 to $111, indicating a more cautious outlook on the stock.
April 24, 2024 | 2:30 pm
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Enphase Energy was downgraded by Jefferies from Buy to Hold with a price target reduction from $135 to $111, reflecting a less optimistic view on the company's stock.
The downgrade from Buy to Hold by a major analyst firm like Jefferies, accompanied by a significant reduction in the price target, typically signals a bearish outlook on the stock. This could lead to short-term negative sentiment among investors, potentially impacting the stock price negatively.
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