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

To: Donald Wennerstrom who wrote (48614)	7/21/2010 10:12:23 AM
From: Donald Wennerstrom	1 Recommendation Read Replies (1) \| Respond to of 95587

Jul 21, 2010 9:21 AM MEMC: Kaufman Boosts Rating To Buy, Lifts Target To $15 Posted by Eric Savitz MEMC Electronic Materials (WFR) shares are trading higher this morning after Kaufman Bros. analyst Jeffrey Bencik upped his rating on the stock to Buy from Hold, with a new price target of $15, up from $14. He contends that all three of company’s markets - semiconductor wafers, solar materials and SunEdison - are performing better than expected, and he says the stock looks attractive after a 35% drop over the last three months. Bencik adds that expectations are low, and any beat is likely to drive significant stock appreciation. The analyst lifts his 2010 EPS for cast to 70 cents, from 61 cents; for 2011, he goes to $1.30, from $1.18. The higher forecasts reflect “higher volume and better pricing in both the semiconductor and solar material segments,” he writes. Bencik notes that the recent sell-off in the shares reflected “worries surrounding the Euro decline, financing for solar and anticipated declines in the solar feed in tariff rates in Germany.” But he adds that “these worries largely appear to have been overblown as demand for solar is now tracking to grow 60%+ globally.” He adds that most solar industry players are now sold out throughout 2010 and into 2011.