Enphase Energy price target lowered to $327 from $379 at Goldman Sachs

Goldman Sachs analyst Brian Lee lowered the firm’s price target on Enphase Energy to $327 from $379 but keeps a Buy rating on the shares as part of a broader research note previewing Q4 results in Solar stocks. The analyst prefers utility-scale names over companies with residential end market preference, but also sees significant margin recovery stories in focus.