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MEMC Electronic Materials Inc. Message Board

  • twm48976 twm48976 Oct 7, 2010 6:48 AM Flag

    WFR raises their tgt to $12 from $8.50...another $12 target

    06:45 WFR MEMC Elec upgraded to Hold at Wunderlich; tgt raised to $12 (12.33)Wunderlich upgrades WFR to Hold from Sell and raises their tgt to $12 from $8.50 due to some certainty of solar farm sales this year and the emergence of JP Morgan as a financing partner for future solar farm financing. However, firm says their expectations for 2011 remain muted as they expect the world's solar panel makers to target the U.S. market, increasing competition that could lead to lower margins.