Goldman Sachs Lowers Estimates and Price Target On WMS Industries (WMS), Maintains Sell Rating

Goldman Sachs lowered estimates and its price target WMS Industries (NYSE: WMS) following lower guidance from the company after the close Monday.

The analyst lower FY11/FY12/ FY13 EPS estimates to $1.77/$2.00/$2.39 from $1.91/$2.23/$2.55. The firm's price target was cut from $32.50 to $27.

"We remain Sellers of WMS and continue to have a Cautious view on the slot industry. Notably, in today's release, WMS stated that it does not expect meaningful improvements in the industry environment over the remainder of calendar 2011 or for calendar 2012."


For more ratings news on WMS Industries click here and for the rating history of WMS Industries click here.

Shares of WMS Industries closed at $36.22 yesterday.

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