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