Jefferies Downgrades MEMC Electronic Materials (WFR) to Underperform
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Price: $8.07 --0%
Rating Summary:
4 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
4 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Jefferies downgraded MEMC Electronic Materials (NYSE: WFR) from Hold to Underperform and cuts their price target from $10 to $7.
The firm cited the sudden decline of wafer prices impacting profitability and an ill-timed capacity buildout with unproven technology.
For more ratings news on MEMC Electronic Materials click here and for the rating history of MEMC Electronic Materials click here.
Shares of MEMC Electronic Materials closed at $8.16 yesterday.
The firm cited the sudden decline of wafer prices impacting profitability and an ill-timed capacity buildout with unproven technology.
For more ratings news on MEMC Electronic Materials click here and for the rating history of MEMC Electronic Materials click here.
Shares of MEMC Electronic Materials closed at $8.16 yesterday.
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