Gilford Securities Reiterates MEMC Electronic Materials Hold

Gilford Securities reiterated its MEMC Electronic Materials WFR Hold rating in a research report published today. In the report, Gilford Securities states, "In conclusion, while we remain on the sidelines in terms of fundamentals, we would not rule out a potential bid by a financial buyer if the valuation is deemed appropriate relative to potential cash flow generation, thus offering some aggressive investors an opportunity at this level." Shares of MEMC Electronic Materials were trading at $6.06 at the time of posting, down 13.30% from Wednesday's market close.