Solar City Cut to Neutral at Baird, Reaffirms Price Target

SolarCity

was cut to neutral vs outperform by Baird analyst Ben Kallo, although he maintained his price target of 83. In his note, Mr. Kallo felt the “recent rapid appreciation” made the risk/reward less compelling, with shares having rallied 45 percent off the June 10, 2014 lows. Shares of SCTY are trading down 2.48 percent today at 70.26. The 83 price target has 18 percent upside from current levels.