Wunderlich Securities Raises Price Target On GT Solar Energy To $20

According to Wunderlich Securities, GT Solar International (NASDAQ: SOLR) price target is raised to $20.

Wunderlich Securities said that it is raising its price target on GT Solar (SOLR) shares to $20 from $16 based on a revised discounted cash flow. "We are also raising our fiscal 2013 estimates to account for additional revenue from the Sapphire furnace business. For modeling purposes, we have chosen to pay down long-term debt to zero by the end of 2013. We continue to rate SOLR shares Buy."

GT Solar International closed on Friday at $16.18.