Canadian Solar price target raised to $17 from $16 at Mizuho

Mizuho raised the firm’s price target on Canadian Solar (CSIQ) to $17 from $16 and keeps an Outperform rating on the shares. The company beat Q1 estimates on higher shipments, the analyst tells investors in a research note. The firm says that if Canadian Solar maintains margins despite lower volumes, the stock could outperform toward its bull case.