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FBR Lowers First Solar's Price Target To $90
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Posted on 11/02/09 at 10:00am by Benzinga Staff
FBR Capital lowers First Solar's (Nasdaq:FSLR) price target to $90 from $110. First Solar fell from trading above $150 to just above $120 after it reported lower than expected earnings.
FBR believes First Solar has further to fall after its disappointing results. RBC believes there is downside risk to 2010 estimates. FBR has an Underperform rating on FSLR.
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