Susquehanna lowered the firm’s price target on Enphase Energy (ENPH) to $85 from $104 and keeps a Neutral rating on the shares. The firm said 3Q24 revenue and EPS both came in below expectations as a result of softening demand in Europe.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ENPH:
- Raymond James Weighs in on Enphase Energy Stock Following Underwhelming Q3 Report
- McDonald’s down after outbreak, Starbucks slides after warning: Morning Buzz
- Enphase Energy price target lowered to $85 from $100 at RBC Capital
- Snap upgraded, McDonald’s downgraded: Wall Street’s top analyst calls
- Enphase Energy price target lowered to $130 from $140 at Raymond James