Analyst Ratings Review: TSL, STP, LDK, YGE, DGW, SQM

There have been a few analyst calls in the past couple days I want to review here, mostly in the solar space.

Upgrades/Bullish

Yesterday, Trina Solar (TSL) was added to Morgan Stanley’s Long Research Tactical Idea list and initiated with a Buy over at Soleil, saying the firm has one of the strongest balance sheets in the industry.  The stock moved a bit yesterday on the bullish calls, but really took off today, up another 7% and approaching its 52 week high set in January.

==> Click Here For Your FREE Daily Trina Solar Technical Analysis

Shares of Duoyuan Global Water (DGW) got a boost yesterday as Rodman & Renshaw maintained its Outperform rating despite accounting uncertainties.

==> Click Here For Your FREE Daily DGW Technical Analysis

Downgrades/Bearish

HSBC downgraded a few solar names Monday morning.

* Suntech Power (STP) from Overweight to Neutral and PT lowered from $13 to $9.60
* LDK Solar (LDK) from Neutral to Underweight and PT lowered from $8 to $6.20
* Trina Solar (TSL) from Neutral to Underweight and PT lowered from $27 to $25
* Yingli Green Energy (YGE) from Neutral to Underweight and PT lowered from $10.50 to $9.70.

Credit Suisse downgraded shares of lithium miner Sociedad Quimica this morning from Neutral to Underperform, but raised the price target from $36 to $41.  The downgrade is likely a valuation call considering the stock has skyrocketed in recent weeks. 

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