Jefferies Upgrades First Solar (FSLR) to Buy; Best Positioned for 2H and 2012
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Price: $220.01 +0.99%
Rating Summary:
37 Buy, 18 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 5 | New: 5
Rating Summary:
37 Buy, 18 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 5 | New: 5
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Jefferies upgraded First Solar (NASDAQ: FSLR) from Hold to Buy with a price target of $132 (up from $115).
The firm said, "In our opinion FSLR is now the most defensive name in solar as risks to its 2H have moderated. We see positive risk/reward using a conservative Sum-of-the-Parts valuation sanity check, and upgrade to BUY from Hold with a new $132 PT. We note an upward bias to PT on potential identified catalysts."
For more ratings news on First Solar click here and for the rating history of First Solar click here.
Shares of First Solar closed at $99.88 yesterday.
The firm said, "In our opinion FSLR is now the most defensive name in solar as risks to its 2H have moderated. We see positive risk/reward using a conservative Sum-of-the-Parts valuation sanity check, and upgrade to BUY from Hold with a new $132 PT. We note an upward bias to PT on potential identified catalysts."
For more ratings news on First Solar click here and for the rating history of First Solar click here.
Shares of First Solar closed at $99.88 yesterday.
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