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Solar Analyst Notes: CSIQ Downgrade, SPWRA Strong Buy, YGE Price Cut, LDK Estimate Cuts
Here are some analyst notes in the solar notes that came out during trading today:
* Piper Jaffray downgraded CSIQ from Buy to Neutral, lowered estimates and cut the price target from 30 to 11 on euro weakness and supply chain dislocation
* Piper Jaffray also cut the price target and lowered estimates on Yingli Green Energy (YGE) but maintained their Buy rating. Price target lowered from $26 to $15
* Piper Jaffray cut estimates on LDK Solar (LDK) but maintained its neutral rating.
Piper believes the weakening euro and supply chain disruption will be a problem for the entire solar sector.
* Wedbush Morgan reiterated their Buy rating on SunPower (SPWRA) but lowered estimates
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