Auriga Maintains Buy on MEMC Electronic Materials

Auriga is out with its report today on MEMC Electronic Materials WFR, maintaining Buy. In its report, Auriga writes, "While operational improvement will steadily gain traction into 2H11 and beyond, we believe MEMC valuation is compelling and cannot be ignored by any long-term investor." Auriga maintains an $11 PT on WFR. At the time of posting, shares of WFR were trading pre-market at $7.20, down 2.04% from Monday's close.