** Jefferies upgrades rating on solar inverter maker Enphase Energy ENPH.O to "hold" from "underperform", raises price target to $36 from $28
** The new price target represents a ~1% upside to the stock's last close
** Brokerage anticipates better near-term revenue, but says there are lingering concerns about residential solar long-term
** 12 of 37 brokerages rate the stock "buy" or higher, 14 "hold" and 11 "sell" or lower; median PT is $40 - data compiled by LSEG
** Up till last close, stock down 48% YTD
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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