Guggenheim Downgrades Enphase Energy to Sell, Announces $73 Price Target
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Joseph Osha has downgraded Enphase Energy (NASDAQ:ENPH) from Neutral to Sell, setting a price target of $73.
October 23, 2024 | 12:16 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Guggenheim has downgraded Enphase Energy from Neutral to Sell, with a new price target of $73, indicating a bearish outlook.
The downgrade from Neutral to Sell by a reputable analyst at Guggenheim suggests a negative outlook for Enphase Energy. The new price target of $73 is likely below the current trading price, indicating potential downside. Such downgrades often lead to short-term selling pressure on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100