UPDATE: Auriga Lowers PT on First Solar from $168 to $154

Auriga has published a research report on First Solar Inc FSLR commenting on management departures. In the report, Auriga wrote, "We are concerned about the impending departure (effective September 30, 2011) of Jens Meyerhoff, President of Utility Systems Business Group (and former CFO) at First Solar as we viewed him as a transformational executive well positioned for the CEO role in the future. We do not as yet know why Jens is leaving First Solar or where he is headed to." Auriga rated First Solar a BUY with a price target lowered from $168.00 to $154.00. First Solar closed Tuesday at $104.46.