Goldman Sachs Downgrades WMS Industries (WMS) to Sell, After Weak Slot Survey
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Price: $25.39 --0%
Rating Summary:
2 Buy, 13 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Rating Summary:
2 Buy, 13 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Trade WMS Now!
Goldman Sachs downgraded WMS Industries (NYSE: WMS) from Neutral to Sell with a price target of $19, suggesting 16% downside.
The downgrades follows the firm's recent Slot Survey, which suggests WMS's turnaround will take longer than expected.
"We are lowering our estimates on worse replacement demand for WMS machines, as it did not do well in several major question categories. Our new estimates are 6% below consensus on average from FY2012-FY2014."
FY12 EPS goes from $1.43 to $1.40, FY13 from $1.60 to $1.54, FY14 goes from $1.79 to $1.75.
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 $22.53 yesterday, with a 52 week range of $16.24-$37.98.
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The downgrades follows the firm's recent Slot Survey, which suggests WMS's turnaround will take longer than expected.
"We are lowering our estimates on worse replacement demand for WMS machines, as it did not do well in several major question categories. Our new estimates are 6% below consensus on average from FY2012-FY2014."
FY12 EPS goes from $1.43 to $1.40, FY13 from $1.60 to $1.54, FY14 goes from $1.79 to $1.75.
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 $22.53 yesterday, with a 52 week range of $16.24-$37.98.
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
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