Brean Murray Carret & Co. Maintains a 'Buy' on Xyratex (XRTX); Good Qtr - Storage Systems Business Remains Solid
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Price: $2.04 +0.99%
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Brean Murray Carret & Co. maintains a 'Buy' on Xyratex (NASDAQ: XRTX) price target raised by $1 to $11.
Brean analyst says, "Better-than-expected Aug Q with in-line guidance, but the overriding message we'd continue to convey is taht we could/should be witnessing essentially the 'bottoming' of XRTX fundamentals: the most significant question is the timing of meaningful catalysts and the impact to the stock."
For more ratings news on Xyratex click here and for the rating history of Xyratex click here.
Shares of Xyratex closed at $9.15 yesterday.
Brean analyst says, "Better-than-expected Aug Q with in-line guidance, but the overriding message we'd continue to convey is taht we could/should be witnessing essentially the 'bottoming' of XRTX fundamentals: the most significant question is the timing of meaningful catalysts and the impact to the stock."
For more ratings news on Xyratex click here and for the rating history of Xyratex click here.
Shares of Xyratex closed at $9.15 yesterday.
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