Susquehanna Downgrades Enphase Energy to Neutral, Lowers Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Biju Perincheril has downgraded Enphase Energy from Positive to Neutral and reduced the price target from $147 to $104.
October 16, 2024 | 3:42 pm
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NEGATIVE IMPACT
Susquehanna has downgraded Enphase Energy from Positive to Neutral, reducing the price target from $147 to $104, indicating a less optimistic outlook.
The downgrade from Positive to Neutral by Susquehanna suggests a less favorable view on Enphase Energy's stock performance. The significant reduction in the price target from $147 to $104 indicates expectations of lower future stock price appreciation, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100