Nomura Downgrades YGE, STP, TSL to Neutral, LDK to Reduce

Nomura's Nitin Kumar downgraded a number of stocks in the Solar sector this morning, also slashing price targets across the board.

• Yingli (NYSE: YGE) from Buy to Neutral, price target reduced from $9 to $3.40
  
• Suntech (NYSE: STP) from Buy to Neutral, price target reduced from $10 to $2.20
  
• Trina Solar (NYSE: TSL) from Buy to Neutral, price target reduced from $25 to $7
  
• LDK Solar (NYSE: LDK) from Neutral to Reduce, price target cut from $7 to $2.60

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