Sterne Agee Upgrades Encore Wire (WIRE) to Buy, Raises Target to $32

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April 4, 2011 8:43 AM EDT
Get Alerts WIRE Hot Sheet
Price: $289.84 --0%

Rating Summary:
    1 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 23 | New: 20
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Shares of Encore Wire (NASDAQ: WIRE) are trading higher in pre-market action Monday as an analyst at Sterne Agee upgraded the stock from Neutral to Buy earlier. The firm's price target moves from $25 to $32.

With shares of Encore Wire up 3.3 percent to $25.23 ahead of the opening bell, Sterne Agee's new price target suggests potential upside of about 27 percent.

For more ratings news on Encore Wire click here and for the rating history of Encore Wire click here.

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