Truist analyst Jordan Levy lowered the firm’s price target on Enphase Energy (ENPH) to $49 from $65 and keeps a Hold rating on the shares after its Q1 earnings miss. Higher prices amidst a pullback in consumer confidence and sticky interest rates are hindering the firm from getting more positive on any real prolonged revenue recovery for Enphase in the coming few quarters, the analyst tells investors in a research note.
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