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Fly News Breaks for August 7, 2015
SUNE
Aug 7, 2015 | 10:55 EDT
Needham said the recent selloff in SunEdison following the generally strong Q2 report and guidance is overdone. The firm said any prolonged weakness in the equity market might result in SunEdison adjusting its model and growth targets but said the company has done a good job executing on its strategy. Needham would use the recent weakness to add to positions and reiterates its Buy rating and $30 price target.
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