Wunderlich Securities Lowers MEMC Electronic PT, Reiterates Buy

Wunderlich Securities lowered its MEMC Electronic Materials WFR price target from $16 to $13 and reiterated its MEMC Electronic Materials Buy rating in a research report published today. In the report, Wunderlich Securities states, "With the stock trading at 5x P/E and at an 18% discount to tangible book, investors should take a good look." Shares of MEMC Electronic Materials were trading at $6.14 at the time of posting, down 12.16% from Wednesday's market close.