Citi analyst Vikram Bagri lowered the firm’s price target on Enphase Energy to $170 from $209 and keeps a Buy rating on the shares. The firm says that despite stabilization of U.S. demand excluding California, it is cautious near-term given weaker than expected Netherlands and California. Citi’s app data analysis shows weaker sell-through in Netherlands quarter-to-date, the analyst tells investors in a research note.
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