Wedbush Morgan Maintains a 'Hold' on Majesco Holdings (COOL), Impressed With Progress But Investors Remain Skeptical
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Wedbush Morgan maintains a 'Hold' on Majesco Holdings (Nasdaq: COOL).
Wedbush analyst says, 'We think that guidance is attainable at the high end of the range...We are impressed with the company’s progress in managing its return to growth...We continue to believe that Majesco can deliver sustainable profits...However, we are maintaining HOLD; while we are impressed with the company’s turnaround, we think that investors will remain skeptical at least until there is further evidence that profitability is sustainable."
Majesco Entertainment Company is a provider of interactive entertainment products.
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