Wedbush Morgan Raises Price Target on First Solar (FSLR) to $195

July 31, 2009 9:22 AM EDT
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Price: $42.25 +0.40%

Rating Summary:
    16 Buy, 25 Hold, 8 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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Wedbush Morgan lifts its price target on First Solar, Inc. (Nasdaq: FSLR) from $170 to $195, reiterating their Outperform rating. The firm said the company continues to post solid results despite difficult industry condition.

SI NOTE: Wedbush was one of the few analysts positive on the stock this morning. After trading 10% higher original following last night's results, shares of the battleground stock are now down 10%.

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