Enphase Energy price target lowered to $155 from $221 at Barclays

Barclays analyst Christine Cho lowered the firm’s price target on Enphase Energy to $155 from $221 and keeps an Equal Weight rating on the shares post the Q2 results. Channel inventory should return to normalized levels by year-end and should set the company back up for growth, but a “changing competitive landscape may pose new challenges in 2024,” the analyst tells investors in a research note.