Tag Archives: hapoalim

Upgrades/Downgrades: STP to Sell, TRN & JASO to Buy; ORA Upgraded to Accumulate

Hat tip to StreetInsider.com for the following upgrade/downgrade notes:

Hapoalim downgrades Suntech Power (STP) to Sell with a $9 price target, citing escalating solar module price war.
The firm said, “Evidenced by Ersol’s recent decision to adjust the mid-point of its CY09 EBIT guidance to “negative” vs. +12% before (due to a “sig. drop in prices of solar modules”), we believe “Tier 1” module vendors are beginning to react to price aggression by Chinese solar … Read the rest