Macquarie Cuts China Sunergy (CSUN) to Underperform, Sees 16% Decline in Stock

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March 25, 2011 12:06 PM EDT
Get Alerts CSUN Hot Sheet
Price: $0.45 --0%

Rating Summary:
    0 Buy, 1 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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An analyst at Macquarie downgraded shares of China Sunergy (NASDAQ: CSUN) from Neutral to Underperform. The firm's price target moved from $5.25 to $3.50.

Today's downgrade follows Q4 results from China Sunergy yesterday morning. The stock was up 3 percent after the quarterly figures.

Despite the Macquarie downgrade, China Sunergy shares are up 1.8 percent to $4.15 today. The firm's new price target implies potential downside of about 16 percent.

For more ratings news on China Sunergy click here and for the rating history of China Sunergy click here.

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