Citigroup (C) also products raised its price target on Trina Solar's ADRs by 20% to $36 per share, and reiterated its buy rating on the Chinese solar company's stock. Citi tapped Trina Solar as its "favorite" pick in the solar sector. Research firm Ardour Capital hiked its price target on Trina Solar by 23.1% to $32 per share, from $26, and reiterated its buy rating.
All were not bullish, however.
HSBC (HBC) issued a downgrade on Trina's stock to neutral from overweight.
--Written by Miriam Marcus Reimer in New York.
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