Published January 5, 2015 2:47pm EST | Updated January 8, 2015 3:08pm EST

First Solar's Price Target Lowered By Baird

Analysts at Baird & Co. lowered their price target on First Solar Inc. to $62 from $87 on Monday, but said the solar-panel maker is their pick for top solar company for 2015. The company, an industry leader, is poised to reduce costs, enter new markets, and potentially launch a spin-off, the analysts said.