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Fly News Breaks for June 3, 2016
TSL, JASO, JKS
Jun 3, 2016 | 08:31 EDT
Roth Capital analyst Philip Shen lowered his price target for JinkoSolar (JKS) to $30 from $35 given the threat of overcapacity in Q3 as demand in China steps down. While he expects every company in the entire group of upstream manufacturers to be impacted, the analyst reiterates his Buy rating on JinkoSolar's shares as he sees the company better positioned on a relative basis compared to its peers, with its margins and improving diversification of geographic exposure. Shen downgraded JA Solar (JASO) and Trina Solar (TSL) to Neutral.
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