Canaccord Genuity Downgrades Enphase Energy to Hold, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has downgraded Enphase Energy from Buy to Hold and reduced its price target from $140 to $95.
October 23, 2024 | 5:56 pm
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NEGATIVE IMPACT
Canaccord Genuity has downgraded Enphase Energy from Buy to Hold, reducing the price target from $140 to $95, indicating a less optimistic outlook.
The downgrade from Buy to Hold and the significant reduction in the price target from $140 to $95 by Canaccord Genuity suggests a less favorable view on Enphase Energy's short-term performance, likely leading to a negative impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100