Analyst Alerts: First Solar, Lumos Networks, Chesapeake, Alliant Energy, AIG May 4th

First Solar, Inc. (NASDAQ:FSLR): Jefferies believes First Solar’s 2012 guidance raise is overly aggressive and that the company’s new five year plan lacks credibility after its decision to pull out of the European market. Jefferies also thinks the company will likely be removed from the S&P 500 index given its market cap. The firm lowered its price target for First Solar shares to $21 from $26 and keeps a Hold rating on the stock.
Lumos Networks Corp (NASDAQ:LMOS): Backs 2012 revenue $200M-$205M, consensus $203.54M

Chesapeake Midstream Partners, L.P. (NYSE:CHKM): Wunderlich believes the recent weakness in shares of Chesapeake Midstream creates a buying opportunity and that the company has the potential for above-average distribution growth over the next several years. The firm keeps a Buy rating on the stock with a $32.50 price target.

Alliant Energy Corporation (NYSE:LNT): 06:05 EDT Alliant Energy reports Q1 adjusted EPS 46c, consensus 63c

American International Group, Inc. (NYSE:AIG): Deutsche Bank believes AIG’s Q1 report is unlikely to motivate investors in either direction as the numbers were largely as expected despite the headline earnings upside. The firm keeps a Buy rating on the stock with a $40 price target.

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