Brean Murray Carret & Co. Downgrades EnerNOC (ENOC) to Hold; Disappointing Outlook
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Price: $7.65 --0%
Rating Summary:
1 Buy, 14 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 14 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Brean Murray Carret & Co. downgraded EnerNOC (NASDAQ: ENOC) from Buy to Hold, suspends $23 price target.
Brean analyst says, "ENOC's Q2 results were mixed...Q211 results aside, our investment thesis has become more cautious near term due to lowered forward guidance for both 2011 and 2011 (2013 guidance was reaffirmed)."
"...We've lowered our estimates as follows: 2011 from $0.26 to (0.38), 2012 from $0.33 to (0.83) and 2013 from $1.15 to $1.00."
For more ratings news on EnerNOC click here and for the rating history of EnerNOC click here.
Shares of EnerNOC closed at $14.36 yesterday.
Brean analyst says, "ENOC's Q2 results were mixed...Q211 results aside, our investment thesis has become more cautious near term due to lowered forward guidance for both 2011 and 2011 (2013 guidance was reaffirmed)."
"...We've lowered our estimates as follows: 2011 from $0.26 to (0.38), 2012 from $0.33 to (0.83) and 2013 from $1.15 to $1.00."
For more ratings news on EnerNOC click here and for the rating history of EnerNOC click here.
Shares of EnerNOC closed at $14.36 yesterday.
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