Deutsche Bank Raises First Solar (FSLR) Price Target to $140
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Deutsche Bank raises First Solar (Nasdaq: FSLR) price target from $100 to $140. Deutsche believes recent events and a pending quarterly announcement warrant positive comments on First Solar. It believes (Nasdaq: FSLR) is the enviable position of controlling its own near-term destiny, and upside to estimates is mostly a function of operational execution. Deutsche Bank said, "We believe it's on track with its German facility ramp, and expect incremental improvement to efficiency (to just more than 10%) and mfg line throughput will continue. We anticipate upside to 3Q07 and 4Q07 estimates.
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