UPDATE: DNB Markets Downgrades First Solar to Sell on Valuation
DNB Markets reduced its rating on First Solar (NASDAQ: FSLR) from Buy to Sell and lowered its price target from $21 to $20.
DNB Markets noted, "First Solar has surged 45% since the Q2 results. However, responding to worse than expected losses in the module division, we have trimmed 2013e EPS, and cut target price to USD20. Given the potential downside, we have downgraded from BUY to SELL."
First Solar closed at $21.43 on Friday.
Latest Ratings for FSLR
|Feb 2017||Axiom Capital||Initiates Coverage On||Sell|
|Feb 2017||Credit Suisse||Downgrades||Neutral||Underperform|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.