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

To: Return to Sender who wrote (57975)	10/23/2012 9:35:51 AM
From: The Ox	1 Recommendation Read Replies (1) \| Respond to of 95611

MEMC Electronic Materials Upgraded by Zacks (WFR) Posted by Alphonse Anthony on Oct 23rd, 2012 Zacks upgraded shares of MEMC Electronic Materials (NYSE: WFR) from an underperform rating to a neutral rating in a research note released on Thursday morning. They currently have $2.50 price target on the stock. Zacks’ analyst wrote, “MEMC posted an impressive second quarter with both the top and bottom lines surpassing the Zacks Consensus Estimates. The improvement was solely based on higher solar systems sales. Considering the current market trend, it is difficult to predict whether the Solar Energy segment will sustain its growth momentum. The company itself seems dubious about the environment, which can be easily inferred from a weak third quarter guidance. Management’s commentary of expecting a better demand/supply situation in the semiconductor market and overall expense control are encouraging. Though high debt burden and solar tariff cuts are concerns, solar system sales trajectory looks impressive. We upgrade the stock from Underperform to Neutral.” MEMC Electronic Materials traded down 1.63% on Thursday, hitting $2.41. MEMC Electronic Materials has a 52-week low of $1.44 and a 52-week high of $6.80. The company’s market cap is $556.5 million.