Wedbush Morgan Reiterates a 'Hold' on Willdan Group (WLDN), Lowers Price Target
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Wedbush Morgan reiterates a 'Hold' on Willdan Group (Nasdaq: WLDN), lowers price target from $5 to $3.
Wedbush analyst says, "Willdan Group is expected to report Q3 results after market close on Thursday, November 6th with a conference call on Friday November 7th at 2pm PT/5pm ET. Expecting Q3 revenues of $18.2 million and break even earnings. Company guided 2008 revenues for $72-75 million. Diversifying revenue base helps sentiment but unlikely to offset continued softness in residential housing."
Willdan Group, Inc. is a provider of outsourced services to small and mid-sized public agencies in California and other western states.
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