Ticonderoga Cuts First Solar (FSLR) to Sell, Sees 26% Downside

October 12, 2011 7:26 AM EDT Send to a Friend
Get Alerts FSLR Hot Sheet
Price: $49.98 +3.33%

Rating Summary:
    4 Buy, 23 Hold, 11 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 35 | New: 23
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Shares of First Solar (NASDAQ: FSLR) have tumbled more than 3 percent in the pre-market trading session as Ticonderoga's Paul Leming downgraded the stock from Neutral to Sell earlier. The analyst set a new $40 price target.

With First Solar shares last trading at $54.05, Leming's new price target implies potential downside of about 26 percent.

For more ratings news on First Solar click here and for the rating history of First Solar click here.


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