MEMC Electronic Materials

Citi is out with its report today on MEMC Electronic Materials (NYSE: WFR), maintaining Buy. In a note to clients, Citi writes, "We rate WFR Buy, Speculative (1S) with a target of $18. In valuing WFR, we look at a forward earnings-based approach given our view that WFR will begin to start...

Wunderlich Securities reiterated its Buy rating and price target of $16 on MEMC Electronic Materials (NYSE: WFR). In a research report published today, Wunderlich stressed better than expected Q1 results as a reason for maintaining its rating and price target. In the report, Wunderlich states, "...

According to J.P. Morgan, MEMC Electronic Materials (NYSE: WFR) reported C1Q11 GAAP rev/EPS of $736mn/($0.02) vs. our ests. of $604mn/$0.08. J.P. Morgan said that excluding the impact of one-time legal and Japanese earthquake related charges, EPS would have been $0.05. “Better overall revenue, in...

Jefferies provided color on MEMC Electronic Materials (NYSE: WFR) in a research report published today, after MEMC announced its Q1 results. In the report, Jefferies states, "WFR's 1Q11 EPS missed Street estimates but was in-line with our below consensus estimate. We remain cautious on 1) project...

Goldman Sachs is raising its PT on shares of MEMC Electronic Materials Inc. (NYSE: WFR) from $10.50 to $11.00. MEMC Electronic Materials closed Wednesday at $11.36.

Citi maintained its Buy rating on MEMC Electronic Materials (NYSE: WFR) in a research paper published today. MEMC is expected to publish its Q1 report later today and Citi also used its research paper to comment on its expectations of MEMC's Q1 performance. In the report, Citi states, "While we...

In a report published by J.P. Morgan, MEMC Electronic Materials (NYSE: WFR) stock has outperformed as of late, likely due to speculation that its Japanese semi wafer competitors Shin-Etsu and SUMCO would be negatively impacted by the effects of the earthquake and tsunami that recently hit Japan. J...

Late last week, MEMC Electronic Materials, Inc. (NYSE: WFR) announced a private offering for $500mn in senior notes, J.P. Morgan reports. “The notes, due 2019, will be unsecured and we believe are likely to price and close in the next 1-2 weeks,” J.P. Morgan writes. “Offering likely to price...

Wunderlich Securities has published a research report on MEMC Electronic Materials (NYSE: WFR) after the company reported 4Q earnings results February 1, coming up short of estimates. In the report, Wunderlich writes "MEMC Electronic Materials (WFR) reported 4Q10 results February 1, after the close...

MEMC Electronic Materials, Inc. (NYSE: WFR) has been downgraded from Buy to Sell by Wunderlich Securities due to a significant decline in current and future earnings estimates and an increase in variability of its earnings stream. Wunderlich has also lowered the price target to $8.50 and has...