Morgan Stanley Maintains Equal-Weight on Enphase Energy, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Andrew Percoco maintains an Equal-Weight rating on Enphase Energy and raises the price target from $98 to $100.
August 21, 2024 | 10:42 am
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NEUTRAL IMPACT
Morgan Stanley has maintained its Equal-Weight rating on Enphase Energy while slightly increasing the price target from $98 to $100, indicating a neutral stance with a modestly positive outlook.
The maintenance of an Equal-Weight rating suggests that Morgan Stanley sees Enphase Energy as fairly valued at current levels. The slight increase in the price target to $100 indicates a modestly positive outlook but not enough to change the overall neutral stance. This suggests limited short-term price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100