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The substantial target reduction and new target below the posted price indicate a bearish analyst view, though the target is not a guarantee of future performance.
What happened, with direct paths to the underlying reporting
Barclays lowered its ENPH price target from $44 to $26; the new target is below the posted price of $29.76.
Target: $26
Posted price: $29.76
Analyst firm: Barclays
Analyst: Christine Cho
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