B of A Securities Maintains Underperform on Enphase Energy, Raises Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained an 'Underperform' rating on Enphase Energy while slightly raising the price target from $82 to $84.
October 10, 2024 | 5:46 pm
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NEUTRAL IMPACT
B of A Securities has maintained an 'Underperform' rating on Enphase Energy, indicating a cautious outlook. However, the price target has been slightly increased from $82 to $84, suggesting a minor positive adjustment in expectations.
The 'Underperform' rating suggests that the analyst expects Enphase Energy to lag behind the market or its peers. The slight increase in the price target from $82 to $84 indicates a minor positive adjustment in the analyst's expectations, but not enough to change the overall cautious outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100