Jefferies Downgrades MEMC Electronic Materials (WFR) to Underperform
Tweet
Share
E-mailGet Alerts WFR Hot Sheet
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
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Downgrades IDP Education (IEL:AU) (IDPUF) to Hold
- Jefferies Downgrades Sunway Healthcare Holdings (SUNMED:MK) to Hold
- Citi cuts Weibo stock rating to Neutral, lowers price target
Create E-mail Alert Related Categories
Downgrades, Hot DowngradesRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
