Needham & Company Reiterates a 'Strong Buy' on Polypore (PPO); Electric Vehicle (EV) Separator Demand Likely To Accelerate In The Near-term
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Price: $60.48 --0%
Rating Summary:
2 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Needham & Company reiterates a 'Strong Buy' on Polypore International (NYSE: PPO), PT $67.
Needham analyst says, "The company is involved in over 50 EV programs. We expect to demand for material to accelerate in the near-term as tier-1
automakers (such as Nissan and GM) ramp-up production. We reiterate our rating on PPO shares and price target as Polypore is well-positioned to benefit from the electrification of transportation (and also the growth in traditional auto production)...Other materials suppliers such as SQM (NYSE: SQM)(Not/Covered) and Molycorp (NYSE: MCP, Not/Covered) trade at similar multiples which we believe is due to the pivotal role of their respective products in next generation application."
For more ratings news on Polypore International click here and for the rating history of Polypore International click here.
Shares of Polypore International closed at $57.58 yesterday.
Needham analyst says, "The company is involved in over 50 EV programs. We expect to demand for material to accelerate in the near-term as tier-1
automakers (such as Nissan and GM) ramp-up production. We reiterate our rating on PPO shares and price target as Polypore is well-positioned to benefit from the electrification of transportation (and also the growth in traditional auto production)...Other materials suppliers such as SQM (NYSE: SQM)(Not/Covered) and Molycorp (NYSE: MCP, Not/Covered) trade at similar multiples which we believe is due to the pivotal role of their respective products in next generation application."
For more ratings news on Polypore International click here and for the rating history of Polypore International click here.
Shares of Polypore International closed at $57.58 yesterday.
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