Macquarie Questions Canadian Solar (CSIQ) Credibility; Downgrades & Slashes Price Target
Posted on April 21, 2010 at 13:19 PM EDT
Macquerie is clearly frustrated with Canadian Solar (CSIQ) and has cut its rating from Outperform to Neutral following the company’s guidance last night in which they indicated a forex hit and a bit of a margin contraction.  Maquerie says this 2nd negative revision in two quarters has “weakened its standing with investors” and “two strikes [...]
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