Goldman Sachs Lowers Price Target on LDK Solar (LDK) to $17
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Goldman Sachs lowers their price target on LDK Solar Co.Ltd. (NYSE: LDK) from $35 to $17, maintaining their Neutral rating.
Shares of LDK Solar closed at $20.10 on Friday. The 52-week high is $75.65.
LDK Solar Co., Ltd., through its subsidiaries, engages in the manufacture and sale of multicrystalline solar wafers to the manufacturers of solar cells and solar modules in the People's Republic of China and internationally.
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Where is the Source?
Is the StreetInsider.com now a purveyor of exclusive press releases? How is it that no other major news source is carrying this guidance from Goldman Sachs? Now that Goldman is running the recovery operation, you would think they would provide more detail and transparency in support of the above. Finally, when did Goldman Sachs upgrade? Last I heard from them was October/December 2007 (and Feb 2008) when they added LDK to their conviction sell list and set price target at 2128 range? In February, the did remove the company from their conviction sell list and to neutral, but it does not seem like they ever upgraded it beyond removing it from their conviction sell list. When did they upgrade to 35? Maybe the streetinsider.com has the exclusive on that too. But I could not find it in a search of their website.
ridiculous
GS analyst doesn't know preferred stock from live stock!!!
wtf is wrong with GS
even inferior solar panel companies are being given higher forward p/e premiums than ldk!! and believe me, they all have a lot of debt like ldk does. this is a joke! solar panels are a commodity for inferior solar panel makers'!
LDK
You'd think Henry Paulson was still running the show over at Goldman Sachs with this shrewd style of naked manipulation. Theres some dark shadowy figures who sure don't want competition from LDK . The mystery is ,is it solar competetors , big oil ,coal or all three?
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Who is the Source?
Stevie on Oct 22, 2008 09:50 AMThis news blurb is only one line of unique content. (Laughable) One line of content is not professional.