BMO Capital downgraded Enphase Energy (ENPH) to market perform from outperform. The analyst notes that the trough in U.S. residential solar demand appears to be deeper than anticipated and the timing of recovery is uncertain. Jeff Pierce discusses this along with Tesla (TSLA). TSLA’s price target has been cut to $290 from $300 at Piper Sandler. The analyst mentions that there is a reasonable likelihood that margins will bottom in 3Q. Tune in to find out more about the stock market today.
Morning Trade Live
16 Oct 2023
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