Will This Coverage Initiation Help SunEdison Semiconductor (SEMI) Stock Today?

NEW YORK (TheStreet) -- SunEdison Semiconductor (SEMI) shares were initiated with an "outperform rating" and $18-$22 price target range by analysts at Wells Fargo (WFC) on Monday.

Analysts at the firm believe that the wafer market is slated to see 5%-10% growth in the near future and believes that SunEdison is in position for in-line growth of the same amount.

Shares are down -2.5% to $16.95 in early market trading today.

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