BMO Capital analyst Ameet Thakkar lowered the firm’s price target on Enphase Energy to $175 from $235 but keeps an Outperform rating on the shares. The company’s Q3 outlook was much worse than expected primarily as result of Enphase attempting to right size its U.S. inverter sales channel, the analyst tells investors in a research note. The firm remains positive on the stock longer term however and believes that the company’s international growth is in early innings.
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