Enphase Energy price target raised to $257 from $251 at Barclays

Barclays analyst Christine Cho raised the firm’s price target on Enphase Energy to $257 from $251 and keeps an Equal Weight rating on the shares following the "solid" quarter. While Enphase ended 2022 on a high note, microinverter shipments will slow as installers remain cautious in a tougher macro tape with inventory channels already at healthy levels, the analyst tells investors in a research note.