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Trina Solar: FBR Capital Markets Raises Price Target to $16 from $12 (TSL)
Trina Solar: FBR Capital Markets Raises Price Target to $16 from $12 (TSL)
Jul 01
|16:54 PM
Short URL for this article: http://is.gd/aP8he
Yesterday China Analyst passed along the news of Morgan Stanley's upgrade and the stock was up 6.8% to $25.63.
Today, with the stock up another couple percent China Analyst relays:
After talking to Trina Solar's executives, FBR analysts believe the company has successfully reduced costs more quickly than its peers. Firm also believes Trina Solar's brand name has become more established in the U.S. market.
The analysts maintain their Underperform rating on TSL, and note they will be more optimistic on the stock if the credit environment eases or more information on solar subsidies in China is available....
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