Fuel Systems Solutions (FSYS) Shares "Washed Out", Hold, PT to $19 - Canaccord
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Price: $16.72 -0.83%
Rating Summary:
4 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
4 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade FSYS Now!
Canaccord Genuity maintained a Hold rating on Fuel Systems Solutions (NASDAQ: FSYS) and lowered their price target to $19.00 (from $23.00).
"While visibility on the ramp of model year volumes in North America is constrained near term, we find the Street somewhat under-appreciating the
potential for contract wins and the long-awaited Asian biz to help support H2/12," said analyst John Quealy.
"All else equal, given the reduction to guidance and sell-off today (down ~12%),
shares look to be washed out here," he added.
Canaccord’s 2012/13 revenue/EPS numbers go to $404.3M/$0.46 and $440M/$0.50 from $417.4M/$0.25 and $450M/$0.52, respectively.
For an analyst ratings summary and ratings history on Fuel Systems Solutions click here. For more ratings news on Fuel Systems Solutions click here.
Shares of Fuel Systems Solutions closed at $16.65 yesterday, with a 52 week range of $14.02-$29.41.
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"While visibility on the ramp of model year volumes in North America is constrained near term, we find the Street somewhat under-appreciating the
potential for contract wins and the long-awaited Asian biz to help support H2/12," said analyst John Quealy.
"All else equal, given the reduction to guidance and sell-off today (down ~12%),
shares look to be washed out here," he added.
Canaccord’s 2012/13 revenue/EPS numbers go to $404.3M/$0.46 and $440M/$0.50 from $417.4M/$0.25 and $450M/$0.52, respectively.
For an analyst ratings summary and ratings history on Fuel Systems Solutions click here. For more ratings news on Fuel Systems Solutions click here.
Shares of Fuel Systems Solutions closed at $16.65 yesterday, with a 52 week range of $14.02-$29.41.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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