August 25, 2010 9:34 AM EDT
Auriga maintains a 'Buy' on Trina Solar Ltd. (NYSE: TSL), raises PT to $41.
Auriga analyst says, "We continue to believe that TSL is in the top-tier of Chinese solar manufacturers because of the scale of its business model as well as its ability to produce a low-cost and highly bankable module. We see no reason to back off our 15 multiple; thus, our price target needs to increase commensurate with our EPS estimates. Investors should take a closer look at the inherent profitability within the TSL model and appreciate the value in a stock that is trading at just 8.2x our 2011 estimate."
Source: http://www.streetinsider.com
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