Market Overview

UPDATE: Gilford Securities Raises PT on MEMC Electronic Materials, Business Model Clearer

Related WFR
Mid-Afternoon Market Update: Markets Pick Up Speed While Solars Rise
PreMarket Info Recap for May 30, 2013

In a report published Tuesday, Gilford Securities maintained a Buy rating on MEMC Electronic Materials (NYSE: WFR) with a $9.00 price target.

Gilford securities reported that, “There is now more clarity to MEMC's business model. The shift to the downstream was a bold move by management, but failed to excite investors. As a result, the stock price suffered due partly to confusion over the business model. However, the growth in the solar project business is cementing the company's identity as a major solar project developer.”

MEMC Electronic Materials closed at $4.77 on Monday.

Posted-In: Gillford SecuritiesAnalyst Color Price Target Analyst Ratings

 

Most Popular

Related Articles (WFR)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free