March 27, 2018 / 12:19 PM / 7 months ago

BUZZ-Canadian Solar Inc: JP Morgan cuts to 'underweight'

** Solar panel maker’s shares down 2.5 pct at $17.08 premarket

** JP Morgan downgrades to “underweight” from “neutral”; maintains PT $17

** Says company may face downside risks from U.S. tariffs or potential slowdown in China

** “We do expect the stock to underperform the mean of our alt energy coverage over the next 6-9 months,” analyst says

** 4 of 11 brokerages rate the stock “buy” or higher, 4 “hold” and 3 “sell” or lower; median PT $18

** Up to Monday’s close, stock had risen 4 pct YTD (Reporting by Brijesh Patel in Bengaluru)

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