Citi Cuts Evergreen Solar (ESLR) to Sell; Price Target Reduced to $1
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Price: $0.18 --0%
Rating Summary:
0 Buy, 0 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
Rating Summary:
0 Buy, 0 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
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Shares of Evergreen Solar Inc. (NASDAQ: ESLR) are getting whacked in pre-open trade following a downgrade from Citi earlier.
The firm now rates Evergreen shares a Sell, down from Hold previously. Citi reduced its price target on the stock from $3.50 to $1.
With about two hours left ahead of the opening bell, Evergreen shares are down 3.4 percent to $1.70. Citi's new price target implies potential downside of more than 41% from where the stock is trading Monday.
For more ratings news on Evergreen Solar Inc. click here and for the rating history of Evergreen Solar Inc. click here.
The firm now rates Evergreen shares a Sell, down from Hold previously. Citi reduced its price target on the stock from $3.50 to $1.
With about two hours left ahead of the opening bell, Evergreen shares are down 3.4 percent to $1.70. Citi's new price target implies potential downside of more than 41% from where the stock is trading Monday.
For more ratings news on Evergreen Solar Inc. click here and for the rating history of Evergreen Solar Inc. click here.
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