UPDATE: Gilford Upgrades MEMC Electronic Materials to Buy

Gilford is out with its report today on MEMC Electronic Materials (NYSE: WFR), upgrading WFR from Neutral to Buy.

In its report, Gilford writes, "We are upgrading WFR stock from neutral to buy on valuation. The stock, which has pulled back close to 34% in the last month, may offer an attractive opportunity at these levels."

At the time of posting, shares of WFR were trading at $4.83, up 1.68% from Monday's close.