Goldman Sachs Removes First Solar (FSLR) from Conviction Buy List

Goldman Sachs removed First Solar (NASDAQ: FSLR) from its Conviction Buy List and dropped its price target from $175 to $150.

The firm cited near-term uncertainty and a preference for other areas in their commodities and industrials business unit.

"Despite lower near-term industry visibility, our bullish, long-term fundamental thesis that First Solar offers a long-run cost advantage and more visible earnings growth vs. peers remains intact," the analyst said.

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 $104.46 yesterday.

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