Goldman Sees Buying Opportunity in MEMC (WFR)

March 14, 2013 10:25 AM EDT
Get Alerts WFR Hot Sheet
Price: $8.07 --0%

Rating Summary:
    8 Buy, 7 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Goldman Sachs today maintained a Buy rating on MEMC Electronic Materials (NYSE: WFR) with a price target of $6.50. Analysts said they view the recent pullback as a buying opportunity.

"We see the 13% pullback in WFR shares on 1Q softness presenting a nearterm buying opportunity ahead of a robust 2H13 buoyed by cyclical strength in semis," said analyst Brian Lee.

For an analyst ratings summary and ratings history on MEMC Electronic Materials click here. For more ratings news on MEMC Electronic Materials click here.

Shares of MEMC Electronic Materials closed at $4.70 yesterday.

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