(ADPnews) - Jun 29, 2010 - JPMorgan upgraded on Tuesday the recommendation on the stock of German photovoltaics company Solarworld AG (ETR:SWV) to "neutral" from "underweight" and raised the share price target to EUR 9 from EUR 8.50.
As far as European sector companies are concerned, unfavourable news should already be priced in by now, analyst Sandeep Deshpande wrote in a sector study. The pricing pressure should diminish in the second quarter and affect only certain companies in the second half of the year.
In addition, the reduction of the …
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