Truist analyst Jordan Levy lowered the firm’s price target on Enphase Energy to $285 from $325 but keeps a Buy rating on the shares. The company’s continued IQ8 ramp should help to drive Q4 margins toward the upper-end of guidance, but the updated price target better reflects the current trading multiples of its Solar group peers, the analyst tells investors in a research note.
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Published first on TheFly
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