Gilford Securities Comments on MEMC Electronic Materials

Gilford Securities provided color on MEMC Electronic Materials (NYSE: WFR) in a research report published today. Gilford Securities has a Buy rating and $7.50 price target on the company.

In the report, Gilford Securities stated, "While the current management might be a bit wary of entertaining any potential interest from financial buyers due to the checkered history of the last buyout, the stock at this level might interest some financial buyers. If MEMC gets back to generating cash, it might fit the profile of an attractive target."

Shares of MEMC Electronic Materials were trading at $3.95 at the time of posting, up 1.02% from Friday's market close.