Deutsche Bank Downgrades WMS Industries (WMS) to Sell After 23% Rally

Article Stock Quotes (1) Comments (0)

Deutsche Bank downgraded WMS Industries (NYSE: WMS) from Hold to Sell with a price target of $13.00 (from $15.00).

The firm comments, "After bottoming on August 7, post a meaningful F4Q12 miss and weaker implied guidance versus Consensus forecasts, WMS shares have rallied more than 23% on broader market strength (SPX +4%) and little company specific news. Given what we see as stretched valuation (~17.3x our F2013 EPS), and several company specific issues, we are downgrading WMS to Sell from Hold."

For an analyst ratings summary and ratings history on WMS Industries click here. For more ratings news on WMS Industries click here.

Shares of WMS Industries closed at $17.13 yesterday, with a 52 week range of $13.90-$25.30.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
• UPDATE: Macquarie Downgrades Barrick Gold (ABX) to Underperform
• SunTrust Robinson Humphrey Downgrades Zimmer Holdings (ZMH) to Reduce

Create E-mail Alert Related Categories

Analyst PT Change, Downgrades

Related Entities

Deutsche Bank

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?