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BMO upgrades First Solar to Outperform after recent selloff
Summary
Semiconductor manufacturer First Solar Inc. (NASDAQ: FSLR) received a rating upgrade from broker BMO. The broker upgraded FSLR to ‘outperform’ from ‘market perform’, while maintaining its price target of US$237.
As per Refinitiv data, FSLR has a mean recommendation rating of 2.2 on five. Here, one depicts a ‘strong buy’ rating and five represents a ‘strong sell' rating. At the same time, FSLR’s consensus mean price target is US$246.01, an upside of around 38% over Thursday’s closing price.
Refinitiv data also shows that 27 analysts have covered the stock, among which, 17 gave it a ‘buy’ or ‘strong buy’ rating. The other 10 analysts believe the stock is a ‘hold’. None of the analysts believe FSLR to be a ‘sell’ or ‘strong sell’.
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