Maxim Group Lowers Estimates for STR Holdings
According to a recent research report, Maxim Group is maintaining its Buy rating and $15 PT on STR Holdings (NASDAQ: STRI), but is lowering its estimates on the 4Q guide-down and LT margin assumptions.
“Following the lowering of its 4Q guidance on Friday, STRI fell 21%. However, we believe this reaction is backward-looking and does not reflect the solar industry's strong 2011 growth prospects. While we lower our estimates on the 4Q guide-down and lower LT margin assumptions, we continue to believe STRI is ideally positioned to profit and grow from the expanding market for solar. As focus veers to 2012, we expect the stock to quickly bottom and resume its march upward,” Maxim Group commented in the report.
STR Holdings closed Friday at $9.03.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.