Deutsche Bank Boosts Price Target on Trina Solar (TSL) to $76

2:26 PM EST February 26, 2008
Deutsche Bank raises its price target on Trina Solar (NYSE: TSL) from $69 to $76, saying more positives are in sight. The firm is also raising their 2007-09 EPS estimates by 11-14% citing better-than-expected margin trends.

The firm said, "We believe that Trina should deliver the highest gross margin among its peers (Suntech, Yingli, and Motech) in 2008 due to higher ASP of solar modules and better synergy from cost-cutting measures -- the key to our Buy rating, along with attractive risk/reward."

Shares of Trina Solar are trading down over 5% today to $32.80.