BUZZ-Canadian Solar Inc: Canaccord Genuity raises price target

Tue Sep 23, 2014 10:10am EDT
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** Solar panel maker's shares up 3.2 pct at $38.78

** Canaccord Genuity raises price target on stock to $48 from $44

** Analysts say they are positive on Canadian Solar's international project pipeline, which is better than those of company's Chinese peers

** Canadian Solar to benefit from improving demand for solar panels and price stabilization by Q4, analysts say

** Of 8 analysts covering stock, 3 have "strong buy" rating, 4 have "buy" and 1 has "hold"

** Median price target on stock is $45

** Up to Monday's close, stock had risen 153 pct in past 12 months