Enphase Energy price target raised to $41 from $36 at Jefferies

Jefferies raised the firm’s price target on Enphase Energy (ENPH) to $41 from $36 and keeps a Hold rating on the shares. The firm believes the prospects for the residential solar industry are improving with less downside risk. Enphase’s downward revision risk now looks less likely than feared, the analyst tells investors in a research note. However, Jefferies believes the company remains a “show-me story, with many unknowns.”