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Fly News Breaks for May 27, 2016
TSL
May 27, 2016 | 08:18 EDT
Axiom analyst Gordon Johnson II said that Trina Solar reported solid Q1 results but noted that the company cut its downstream shipment guidance by 52%. The analyst sees "acute risk" to Trina as China demand is expected to fall off later this year and he believes its margins have likely peaked. He cut his price target on Trina Solar share to $4 from $6 and maintains a Sell rating on the stock.
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