Collins Stewart Downgrades Force Protection (FRPT) to Hold; Catalyst Removed
More News related to FRPT
- Force Protection Announces Participation at Oppenheimer Conference
- Trading Outlook for Force Protection Inc. Issued by StockPreacher.com
- Notable Analyst Rating Changes 11/10: ADBE, ANN, FRPT, RAX Upgraded; ALU, CPST, PIKE, TRW Downgraded
- FBR Capital Upgrades Force Protection (FRPT) to Market Perform
- FBR Capital Upgrades Force Protection (FRPT) to Market Perform
Collins Stewart downgrades Force Protection (Nasdaq: FRPT) to Hold.
Collins analyst says, "We are downgrading Force Protection to a Hold and removing our $10 price target. Our June 16th upgrade of the shares at $7.56 was predicated on a favorable risk/reward scenario in which we saw significant upside--a potential doubling--on an M-ATV win, and moderate downside to $5-$6 on an M-ATV loss. With M-ATV now removed from the company's bucket of opportunities, we believe there is little else in the way of catalysts. Aftermarket trading activity indicates the stock at about $7. We believe the stock can drift lower."
To see more analyst ratings on FRPT Click Here.
Force Protection, Inc. (Force Protection) is a provider of blast- and ballistic-protected products used to support armed forces and security personnel in harm's way.
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