Tag Archives: piper jaffray
Dear Analysts At Piper Jaffray Who Cover LDK Solar
Dear Analysts at Piper Jaffray, Normally, I mock sell-side analysts by pointing out all the times they get it wrong. Which is a relatively easy thing to do given their propensity to be a rather excellent contrarian indicator. In fact, before Mr. Diamond stepped down at Barclay’s the other day over that little LIBOR mess [...]
Piper On Suntech Power (STP): “Distressed Balance Sheet Keeps Us On the Sidelines”
According to StreetInsider.com, Piper Jaffray is initiating coverage on Suntech Power (STP) today witha Neutral rating and a price target of $13. It calls the company’scurrent overcapacity, distressed balance sheet and lower utilization areason to stay on the sidelines until a meaningful pull back in thestock. They believe unabsorbed overhead and lower margin will persistthrough 2010. [...]