First Solar, Breitburn, Western Digital, Cointstar Equity Insights Feb. 29th

First Solar, Inc. (NASDAQ:FSLR): Credit Suisse said First Solar’s $235M in cumulative warranty and related charges increases reliability risk and product quality. The firm continues to see risk to $26-$27 area and reiterates its Neutral rating.

IESI-BFC Ltd.(NYSE:BIN): After RBC Capital was “very disappointed” by Progressive’s Q4 results and 2012 guidance, the firm still thinks that the company’s business is solid and maintains an Outperform rating.

Breitburn Energy Partners LP(NASDAQ:BBEP): After BreitBurn reported Q4 results that RBC Capital views as solid, the firm continues to believe that the company is is well-positioned to deliver high-single-digit distribution growth in 2012. The firm believes that BreitBurn’s holdings in Collingwood Utica could enable the company to surpass the firm’s estimates and it maintains an Outperform rating on the stock.

Western Digital Corp.(NYSE:WDC): Brean Murray raised its price target on Western Digital (NYSE:WDC) following its announcement it reached an agreement to sell to Toshiba a portion of Hitachi’s (NYSE:HIT) hard drive business. The firm believes the sale will improve gross margins and provide stronger than expected operating leverage. Shares are Buy rated.

Coinstar Inc.(NASDAQ:CSTR): Wedbush removed Coinstar from its Best Ideas List citing recent share strength but maintains its Outperform rating and $72 price target.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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