Brean Murray Carret & Co. Assumes Coverage on WMS Industries (WMS) at Hold; Still a 'Show-me' Stock

Brean Murray Carret & Co. assumes coverage on WMS Industries (NYSE: WMS) with a Hold.

Analyst, Justin Sebastiano, said, "WMS had a tough FY11/12. Indeed, supply chain issues and delays in the new games regulatory approval process led to several earnings misses and downward guidance revisions in that time frame. We believe WMS is on track to right the ship, but we must see tangible evidence of a turnaround before we become more constructive on the name."

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 $15.98 yesterday.

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