UPDATE: Deutsche Bank Cuts PT to $4 on Trina Solar on End Market Weakness
Deutsche Bank reiterated its Hold rating on Trina Solar (NYSE: TSL) and reduced its price target from $5 to $4.
Deutsche Bank commented, "Given the recent pre-announcement, we expect focus to be on Q4 guide, opex/cost targets, balance sheet and end market outlook. We expect challenging profitability outlook and weaker than expected end market development to remain an overhang on shares. Trina reports earnings before the open on Tuesday, November 20th."
Trina Solar closed at $3.25 on Tuesday.
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