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UPDATE: DNB Markets Downgrades First Solar to Sell on Valuation

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DNB Markets reduced its rating on First Solar (NASDAQ: FSLR) from Buy to Sell and lowered its price target from $21 to $20.

DNB Markets noted, "First Solar has surged 45% since the Q2 results. However, responding to worse than expected losses in the module division, we have trimmed 2013e EPS, and cut target price to USD20. Given the potential downside, we have downgraded from BUY to SELL."

First Solar closed at $21.43 on Friday.

Latest Ratings for FSLR

DateFirmActionFromTo
May 2015RBC CapitalDowngradesSector PerformUnderperform
Feb 2015Northland SecuritiesUpgradesUnderperformMarket Perform
Feb 2015Standpoint ResearchDowngradesBuyHold

View More Analyst Ratings for FSLR
View the Latest Analyst Ratings

Posted-In: DNB MarketsAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

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