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Fly News Breaks for August 25, 2015
TERP, SUNE
Aug 25, 2015 | 07:15 EDT
UBS analyst Julien Dumoulin-Smith downgraded SunEdison (SUNE) to Neutral from Buy, stating that with many investors losing confidence that its outlook could get worse before it gets better and that he "cannot recommend investors attempt to catch a falling knife." The analyst believes that there is still fundamental value if the company can achieve its stated targets, but has reduced his TerraForm (TERP) GP valuation given concerns about long-term sustainable growth and lowered his price target on SunEdison shares to $11 from $20.
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