Gabelli and Co Starts LDK Solar (LDK) at Buy
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Gabelli and Co initiates coverage on LDK Solar Co.Ltd. (NYSE: LDK) with a Buy, with a PMV of $40 per share for 2009 and $68 for 2010, saying the stock offers more upside and limited downside.
The firm said, "With its competitive cost structure, margin expansion opportunities, scalability, and internal polysilicon plants, LDK Solar is well positioned to be the largest global wafer solar manufacturer."
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