BofA analyst Julien Dumoulin-Smith lowered the firm’s price target on Enphase Energy to $210 from $250 and keeps a Neutral rating on the shares. The firm, which lowered its estimates after adjusting its growth outlook and lowering storage deployments, argues that buy side expectations for a beat and raise quarterly report "are high" and sees the stock being "caught between volumetric uncertainty and sector health fears."
Published first on TheFly
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