11-Apr-07 07:55 ET In Play First Solar tgt raised to $75 at BofA (60.15 ) : BofA raises their tgt on FSLR to $75 from $72 and raises their Y07 ests to $0.31 from $0.31 (consensus $0.28). Following firm's meeting at its Perrysburg, OH, facility yesterday, they reiterate their positive outlook due to FSLR's clear visibility on growth and cost reductions. Firm has confidence that FSLR will deliver on announced capacity due to a lack of reliance on polysilicon. They project FSLR's capacity to increase to 275 MW in FY08 from 75 MW in FY06. FSLR should produce well above rated capacity as the result of high utilization rates (127% in Q4). Firm believes upside exists to their FY10 operating margin est of 28%.