First Solar downgraded following disappointing outlook at BofA/Merrill As previously reported, BofA/Merrill downgraded First Solar to Underperform from Neutral. The firm downgraded shares citing its disappointing outlook and mix shift towards less profitable third-party module sales. Price target cut to $25 from $35.
News For FSLR From The Last 14 Days
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First Solar price target raised to $87 from $63 at Citigroup Citigroup raised its price target for First Solar shares to $87 from $63 after shifting its valuation to 2016 estimates and reiterates a Buy rating on the stock. Citi believes First Solar's 2013 guidance could prove conservative.