JPMorgan Upgrades Canadian Solar (CSIQ) to Neutral

JPMorgan upgraded Canadian Solar (NASDAQ: CSIQ) from Underweight to Neutral with a price target of $15.00 (from $17.00).

Analyst Paul Coster lowers his estimates to better reflect China policy changes but goes to Neutral as the risks to the company appear priced in. Coster says the risk/reward appears balanced now as the challenging fundamentals may be offset by planned project sales, scaling back on capacity expansion as well the CEO's take-private bid.

For an analyst ratings summary and ratings history on Canadian Solar click here. For more ratings news on Canadian Solar click here.

Shares of Canadian Solar closed at $12.44 yesterday.

You May Also Be Interested In

• Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
• Amphenol (APH) PT Raised to $130 at Evercore ISI, Remains Top Pick
• BofA Securities Upgrades Tesla (TSLA) to Buy on wind up of positive catalysts