Wunderlich Securities Upgraded MEMC Electronic Materials To Buy (WFR)

Wunderlich Securities upgraded MEMC Electronic Materials WFR from Hold to Buy and raised MEMC Electronic Material's price target from $12 to $16 in a research report published today. In the report, Wunderlich Securities states, "MEMC is developing its own line of super-efficient solar panels that are certain to impact 2012 revenue in a positive way. We believe having its own panel line will make WFR a more attractive takeover contact." Shares of MEMC Electronic Materials were trading at $11.88 at the time of posting, up 6.55% from Thursday's market close.