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Fly News Breaks for November 25, 2015
SUNE, TERP
Nov 25, 2015 | 06:50 EDT
UBS analyst Julien Dumoulin-Smith downgraded TerraForm Power (TERP) to Sell saying shares have downside risk relating to potential liabilities back to SunEdison (SUNE). SunEdison is likely to extract "meaningful liquidity" from TerraForm, Dumoulin-Smith tells investors in a research note. He cut his price target for shares to $6 from $14. The analyst this morning also downgraded SunEdison to Sell.
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