Barclays analyst Christine Cho lowered the firm’s price target on First Solar (FSLR) to $213 from $228 and keeps an Overweight rating on the shares as part of a Q1 preview. The firm sees a path for improved gross margins from 7% this year to 12%-13% next year, but says restoration to the 20% level will require a favorable Section 232 outcome. First Solar in the near-term continues to be risk due to rising shipping and materials costs, the analyst tells investors in a research note.
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