Freedom Broker analyst Dmitriy Pozdnyakov upgraded JinkoSolar (JKS) to Buy from Hold with a price target of $25, down from $27.50. The firm “materially” cut its earnings estimates but notes the shares have already declined substantially. JinkoSolar continues to hold a leading position in the global solar module market, the analyst tells investors in a research note. Freedom cites valuation for the upgrade.
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