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Fly News Breaks for November 20, 2015
VSLR, SUNE
Nov 20, 2015 | 06:45 EDT
JPMorgan analyst Paul Coster downgraded SunEdison (SUNE) to Neutral calling the company's liquidity situation "complicated, fluid and risky." SunEdison can avoid bankruptcy, and investor confidence can be restored, but there are risks centered on the ongoing negotiations with Vivint Solar (VSLR) and Renova, Coster tells investors in a research note. The analyst cut his price target for shares to $5.50 from $19. SunEdison closed yesterday down 38c to $2.87.
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