Send to a Friend Share

Wedbush Maintains a 'Neutral' on Polypore International (PPO); Lowers PT

November 9, 2009 8:51 AM EST
PPO Hot Sheet
Rating Summary:
    5 Buy, 3 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 14 | Down: 7 | New: 22
Wedbush maintains a 'Neutral' rating on Polypore International (NYSE: PPO), lowers price target from $12 to $10.

Wedbush analyst says, "Good 3Q09 execution on short-term improvement in battery separator volumes. FTC Litigation remains an overhang where a decision has been postponed. Significant restructuring announced for lead-acid separators business. Lowering estimates reflecting the assumed loss of a third of Exide's separator business. We maintain our NEUTRAL rating and are lowering our price target to $10 from $12 reflecting our lower earnings forecast."

To see more analyst ratings on PPO Click Here.

Polypore International, Inc., a technology filtration company, develops, manufactures, and markets microporous membranes used in separation and filtration processes.

You May Also Be Interested In


Related Categories

Analyst Comments

Add Your Comment





Follow StreetInsider.com On Twitter