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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Sam who wrote (48606)7/21/2010 9:45:27 AM
From: Donald Wennerstrom  Read Replies (1) | Respond to of 95574
 
KAUFMAN BROS. UPGRADES MEMC ELECTONIC MATERIALS (WFR) TO BUY FROM HOLD
2010-07-21 09:14:29.000

WFR MEMC ELECTRONIC MATERIALS, INC.Barney Brodie KAUFMAN BROS. UPGRADES MEMC ELECTONIC MATERIALS (WFR) TO BUY FROM HOLD

Analyst Jeffrey Bencik tells salesforce WFR's stock valuation is attractive following ~35% decline in stock price over last 3 mos. Says expectations on the buy side and sell side are low, any beat likely to drive significant stock appreciation.

Raises $0.61 '10 EPS forecast to $0.70, $1.18 '11 to $1.30 due to higher volume and better pricing in both the semiconductor and solar material segments.

Notes potential expanded partnership with JA Solar could result in lowest cost fully integrated supplier of solar modules.

Ups $14 target to $15./B.Brodie