First Solar shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $214 to $237.
Portfolio Pulse from Benzinga Newsdesk
First Solar, Inc. (FSLR) stock is trading higher following an upgrade by Morgan Stanley from Equal-Weight to Overweight, with a price target increase from $214 to $237.

December 08, 2023 | 12:38 pm
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POSITIVE IMPACT
First Solar's stock is likely to experience a positive short term impact due to Morgan Stanley's upgrade and raised price target.
Analyst upgrades and price target increases are strong positive signals for investors, often leading to a rise in stock price as market sentiment improves. Morgan Stanley's upgrade from Equal-Weight to Overweight suggests a bullish outlook on First Solar, and the significant raise in price target from $214 to $237 indicates a strong conviction in the company's future performance. This news is likely to attract investor interest and could result in a short term price increase.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100