Jinko Solar (JKS +8.3%) is upgraded to Hold from Sell at Auriga but with its target price...

|By:, SA News Editor

Jinko Solar (JKS +8.3%) is upgraded to Hold from Sell at Auriga but with its target price lowered to $5 from $7 given the stock price correction. The firm notes JKS is in trouble with the worst cash conversion cycle among peers. The company reported a Q4 loss on weaker revenue and lower margins amid softer selling prices, but shipments beat company guidance.