MEMC (WFR -4%) adds to the big losses it saw on Wednesday in response to its soft 2013 guidance...

|By:, SA News Editor

MEMC (WFR -4%) adds to the big losses it saw on Wednesday in response to its soft 2013 guidance after Jefferies slashes its PT to $4 from $4.50. Declaring MEMC's solar system business "a 2014+ story," the firm expects shares to be range-bound, with chip industry trends determining their fate. Goldman provided a more positive take yesterday, forecasting "a robust 2H13 buoyed by cyclical strength in semis."