Collins Stewart upgraded First Solar (FSLR) from Hold to Buy this morning and has a price target of $160.

Hat tip to StreetInsider.com for the following analyst comments:

The firm notes that its downgrade in March was “due to concerns that its CY10 EPS was at risk due to impending module price cuts and its significant valuation premium at the time.” With the Street’s estimates for next year coming down, in addition to a narrowing … Read the rest