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UBS Cuts Estimates and Price Target on STR Holdings (STRI); Pricing Pressures and Low Visibility

May 2, 2012 1:42 PM EDT Send to a Friend
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Price: $1.48 --0%

Rating Summary:
    3 Buy, 4 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 8 | New: 41
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UBS maintains a 'Neutral' on STR Holdings (NYSE: STRI) price target lowered from $6.50 to $4.00.

Analyst, Stephen Chin. said, "STR reported 1Q12 sales and EPS of $31M and $0.07 compared to consensus estimates of $30M and $0.06. 1Q12 volumes were down slightly while ASP was down -14% q/q...STR believes it has lower cost structure than its Asian competitors due to low cost of the resin made from natural gas in the US versus petroleum oil in Asia...We lower our 2012 and 2013 EPS estimates to $0.25 and $.0.40 from $0.30 and $0.50 previously."

For an analyst ratings summary and ratings history on STR Holdings click here. For more ratings news on STR Holdings click here.

Shares of STR Holdings closed at $3.81 yesterday.




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