Enphase Energy shares are trading lower after JP Morgan maintained an Overweight rating on the stock but lowered its price target from $128 to $124.
Portfolio Pulse from Benzinga Newsdesk
Enphase Energy shares are trading lower after JP Morgan maintained an Overweight rating on the stock but lowered its price target from $128 to $124.
June 20, 2024 | 12:06 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Enphase Energy shares are trading lower after JP Morgan maintained an Overweight rating on the stock but lowered its price target from $128 to $124.
The lowering of the price target by JP Morgan, despite maintaining an Overweight rating, suggests a tempered outlook on Enphase Energy's near-term performance. This has led to a negative market reaction, causing the stock to trade lower.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100