RBC Capital Downgrades Enphase Energy to Sector Perform, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has downgraded Enphase Energy from Outperform to Sector Perform and reduced its price target from $125 to $100.
October 15, 2024 | 10:54 am
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NEGATIVE IMPACT
RBC Capital has downgraded Enphase Energy from Outperform to Sector Perform, reducing the price target from $125 to $100.
The downgrade from Outperform to Sector Perform by RBC Capital suggests a less optimistic view on Enphase Energy's stock performance. The reduction in price target from $125 to $100 indicates a potential decrease in expected future value, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100