Deutsche Bank raises FSLR price target by $27 after a 27% stock decline since June 1 opens buying opportunity.
Deutsche Bank upgraded First Solar (FSLR) to Buy from Hold and raised its price target to $272 from $245. The firm cited a 27% decline in the stock since June 1 as a buying opportunity despite FSLR falling 1.9% in Tuesday’s trading.
Prior to the upgrade, FSLR had underperformed amid broader sector volatility. The new target implies a potential upside from current levels, though the stock remains below its recent highs.
No immediate market reaction details were provided beyond the intraday decline.