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Fly News Breaks for February 10, 2016
SCTY
Feb 10, 2016 | 07:14 EDT
Stifel blames the sharp decline in SolarCity's stock following the company's results on investors' worries about the company's ability to finance its projects going forward. However, the firm says that the company's liquidity position is "substantial," while it's making progress on monetizing its assets. As a result, the firm views the sell-off in the shares as excessive. It trimmed its price target on the name to $65 from $80 but keeps a Buy rating on the stock.
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