Wunderlich Securities Reiterates MEMC Electronic Materials Buy, $16 PT

Wunderlich Securities reiterated its MEMC Electronic Materials WFR Buy rating and $16 price target in a research report published today. In the report, MEMC Electronic Materials states, "MEMC Electronic Materials (WFR) held an analyst day event yesterday at the NY Stock Exchange. Its goal was to address the company's strategy and explain again its non-GAAP forecasting rationale. Why has the company chosen to do this now? Its strategy includes producing its own super-efficient solar wafers and it has only just recently completed the supply chain for the production." Shares of MEMC Electronic Materials were trading at $11.25 at the time of posting, up 1.72% from Wednesday's market close.