Needham & Company Reiterates a 'Buy' on Maxwell Technologies (MXWL); N-T Softness, But Push in Back End of 2012
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Price: $6.23 -1.11%
Rating Summary:
1 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
1 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade MXWL Now!
Needham & Company reiterates a 'Buy' on Maxwell Technologies (NASDAQ: MXWL) price target lowered from $23 to $18.
Analyst, Michael Lew, said, "We believe the sluggishness in Europe is the primary reason for the tempered near-term outlook. This has led to a slight pause in demand from some of the major-end markets (i.e., wind and hybrid buses in Europe). In our view, the long-term fundamentals are very favorable for Maxwell Technologies given the global focus on emissions reductions. We believe the pullback in share price presents an entry point for investors to own MXWL shares."
Needham slashes EPS estimates for FY12 from $0.45 to $0.22 and FY13 from $0.98 to $0.43.
For an analyst ratings summary and ratings history on Maxwell Technologies click here. For more ratings news on Maxwell Technologies click here.
Shares of Maxwell Technologies closed at $15.80 yesterday, with a 52 week range of $13.78-$21.49.
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Analyst, Michael Lew, said, "We believe the sluggishness in Europe is the primary reason for the tempered near-term outlook. This has led to a slight pause in demand from some of the major-end markets (i.e., wind and hybrid buses in Europe). In our view, the long-term fundamentals are very favorable for Maxwell Technologies given the global focus on emissions reductions. We believe the pullback in share price presents an entry point for investors to own MXWL shares."
Needham slashes EPS estimates for FY12 from $0.45 to $0.22 and FY13 from $0.98 to $0.43.
For an analyst ratings summary and ratings history on Maxwell Technologies click here. For more ratings news on Maxwell Technologies click here.
Shares of Maxwell Technologies closed at $15.80 yesterday, with a 52 week range of $13.78-$21.49.
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