Collins Stewart Downgrades Force Protection (FRPT) to Hold; Catalyst Removed
More News related to FRPT
- Trading Radar for 11/09: Dish Network (DISH), Rockwell (ROK), Priceline.com (PCLN), MBIA (MBI), Ticketmaster (TKTM) Report
- Force Protection to Announce Third Quarter Fiscal 2009 Results
- Notable Analyst Rating Changes 10/01: AA, CHU, BIG, BHI, OMX, FRPT Upgraded; SKS, RVSN, KBH, NVDA, PMCS, A Downgraded
- Collins Stewart Upgrades Force Protection (FRPT) to Buy; Adjusts 2009-10 Estimates
- Force Protection (FRPT) Initiates Significant Program of Operational Realignment and Overhead Reductions
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.
Related Categories
DowngradesStocks Mentioned
+0.24Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
