This Stock Is Ready to Bounce

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Stockpickr Guest Columnist

09/29/08 - 02:17 PM EDT

Updated from 11:39 a.m. EDT

By Stockpickr Guest Columnist Notable Calls

MEMC Electronic(WFR Quote) got some very bullish analyst commentary last week, despite warning to the downside after Hurricane Ike struck its facilities in Pasadena, Texas.

RBC Capital and JMP Securities upgraded the stock, and Kaufman Brothers reiterated its buy rating.

I continue to view MEMC as a coiled spring, ready to boost higher on anything positive. I suspect it would take just one good quarter from the company to send the shares in the $40-plus range.

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