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Fly News Breaks for May 9, 2016
DQ
May 9, 2016 | 08:42 EDT
Roth Capital analyst Philip Shen expects Daqo New Energy to announce better-than-expected quarterly results given stronger-than-expected poly and wafer average selling prices. The analyst says he does not forecast any Q2 guide surprises, expecting estimates to go higher on the "much stronger-than-expected" poly pricing in the quarter. Shen reiterates a Buy rating and $35 price target on the shares.
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