Wunderlich throws in the towel on MEMC Electronic Materials (WFR -15%), cutting shares to Sell...

|By:, SA News Editor

Wunderlich throws in the towel on MEMC Electronic Materials (WFR -15%), cutting shares to Sell from Buy after last night's disappointing earnings. "Last quarter, management said it planned price increases in the next two quarters and was upbeat about making them stick," firm says. "The Street didn't believe it, and we shouldn't have either."