** 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;))