RBC Capital Maintains Sector Perform on Enphase Energy, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Chris Dendrinos has maintained a Sector Perform rating on Enphase Energy (NASDAQ:ENPH) but has lowered the price target from $100 to $85.
October 23, 2024 | 7:00 pm
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RBC Capital has maintained its Sector Perform rating on Enphase Energy but reduced the price target from $100 to $85, indicating a more cautious outlook.
The reduction in price target from $100 to $85 by RBC Capital suggests a less optimistic view on Enphase Energy's short-term performance. This could lead to a negative sentiment among investors, potentially impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100