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UPDATE: Deutsche Bank Cuts PT to $4 on Trina Solar on End Market Weakness

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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.

Latest Ratings for TSL

DateFirmActionFromTo
Mar 2016Credit SuisseMasinNeutral
Jan 2016Morgan StanleyDowngradesOverweightEqual-weight
Nov 2015Morgan StanleyUpgradesEqual-weightOverweight

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Posted-In: Deutsche BankAnalyst Color Price Target Pre-Market Outlook Analyst Ratings

 

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