Brean Murray Carret & Co. Upgrades Yingli Green Energy (YGE) to Buy
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Price: $1.43 --0%
Rating Summary:
2 Buy, 11 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 13 | New: 26
Rating Summary:
2 Buy, 11 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 13 | New: 26
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Brean Murray Carret & Co. upgraded Yingli Green Energy (NYSE: YGE) from Hold to Buy with a $10 price target.
The firm said, "We believe that margin erosion, based on pricing pressure, has been fully baked into the share price, given the material pullback during the Q1 earnings period, and we expect the space to be primed for a near-term reversal on deceleration of ASP pressure and improved demand expectations in 2H."
For more ratings news on Yingli Green Energy click here and for the rating history of Yingli Green Energy click here.
Shares of Yingli Green Energy closed at $8.55 yesterday.
The firm said, "We believe that margin erosion, based on pricing pressure, has been fully baked into the share price, given the material pullback during the Q1 earnings period, and we expect the space to be primed for a near-term reversal on deceleration of ASP pressure and improved demand expectations in 2H."
For more ratings news on Yingli Green Energy click here and for the rating history of Yingli Green Energy click here.
Shares of Yingli Green Energy closed at $8.55 yesterday.
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