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Fly News Breaks for February 10, 2016
SCTY
Feb 10, 2016 | 07:25 EDT
Oppenheimer believes that investors are concerned about SolarCity's access to capital and its cost of capital, but the firm thinks the company is doing well in both areas, as it is finding more than enough buyers for its projects,according to Oppenheimer. The firm thinks the sell-off in the stock is not justified by the company's fundamentals. It trimmed its price target on the name to $54 from $58 but keeps an Outperform rating on the stock.
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