UPDATE: DNB Markets Upgrades First Solar to Hold on Reduced Downside Risk

DNB Markets upgraded First Solar (NASDAQ: FSLR) rom Sell to Hold and maintained a $27.00 price target.

DNB Markets commented, "We had been negative on First Solar, believing consensus had looked too high. This has now come down to fall closer in line with our forecasts. With this, and the recent correction in the share price, we have upgraded our recommendation from SELL to HOLD, with an unchanged target price of USD27."

First Solar closed at $26.60 on Monday.