** 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