Enphase Energy price target lowered to $86 from $91 at Barclays

Barclays analyst Christine Cho lowered the firm’s price target on Enphase Energy (ENPH) to $86 from $91 and keeps an Overweight rating on the shares post the Q4 report. The safe harboring impact was bigger than expected and provides $50M of benefit for Q1, the analyst tells investors in a research note. The firm thinks there could be further upside for the first half of 2025.