Wunderlich Securities Reiterates First Solar Hold, $118 PT

Wunderlich Securities reiterated its First Solar FSLR Hold rating and $118 price target in a research report published today. In the report, Wunderlich Securities states, "While the company lowered its full year guidance by $0.25, we are raising ours. Our estimates defined the low on the Street and we set them there because of the risk of pricing pressure or project delays. We got the former but the Street assumed neither. Thus while our numbers go up, the rest of the Street lowers theirs. We reiterate our Hold rating and $118 price target on FSLR shares." Shares of First Solar were trading at $101.95 at the time of posting, down 5.55% from Thursday's market close.