Jefferies Downgrades Canadian Solar (CSIQ) to Hold

July 7, 2011 7:26 AM EDT
Get Alerts CSIQ Hot Sheet
Price: $15.65 --0%

Rating Summary:
    13 Buy, 14 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 4 | Down: 5 | New: 15
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Jefferies downgraded Canadian Solar (NASDAQ: CSIQ) from Buy to Hold and cut their price target from $14 to $11.

The firm said tier two suppliers like CSIQ has lack the distribution and brand to command a price premium.

For more ratings news on Canadian Solar click here and for the rating history of Canadian Solar click here.

Shares of Canadian Solar closed at $11.05 yesterday.


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