Goldman Sachs Downgrades WMS Industries (WMS) to Sell, After Weak Slot Survey

March 15, 2012 7:00 AM EDT Send to a Friend
Get Alerts WMS Hot Sheet
Price: $20.72 -1.71%

Rating Summary:
    5 Buy, 13 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 23 | New: 17
Trade WMS Now!
Join SI Premium – FREE
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.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Downgrades, Hot Downgrades

Related Entities

Goldman Sachs

Add Your Comment