Truist downgraded Enphase Energy (ENPH) to Hold from Buy with a price target of $65, down from $100. While the firm remains positive on Enphase’s technological differentiation and leading margins, it sees incremental growth headwinds persisting for the next several quarters and notes shares are “already trading at a meaningful premium to peers.”
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Read More on ENPH:
- Enphase Energy price target lowered to $91 from $114 at Barclays
- Enphase Energy introduces IQ Battery 5P with FlexPhase
- Enphase Energy price target lowered to $83 from $101 at Wells Fargo
- Enphase Energy price target raised to $72 from $71 at Citi
- Enphase Energy call volume above normal and directionally bullish
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