Wells Fargo Downgrades Kronos (KRO) to Market Perform; Valuation Call
Tweet
Share
E-mailGet Alerts KRO Hot Sheet
Price: $8.09 -4.49%
Rating Summary:
3 Buy, 3 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
3 Buy, 3 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Join SI Premium – FREE
Wells Fargo downgraded Kronos (NYSE: KRO) from Outperform to Market Perform with a price target range $24-$25.
Wells analyst says, "The shares have increased 17% since September 12, compared to an 8% increase in the S&P 500. After the Q3 earnings report, we raise Q4E to $0.77 from $0.71 on better margin expectations, but our 2011E and 2011E EPS remain unchanged."
For more ratings news on Kronos click here and for the rating history of Kronos click here.
Shares of Kronos closed at $22.70 yesterday.
Wells analyst says, "The shares have increased 17% since September 12, compared to an 8% increase in the S&P 500. After the Q3 earnings report, we raise Q4E to $0.77 from $0.71 on better margin expectations, but our 2011E and 2011E EPS remain unchanged."
For more ratings news on Kronos click here and for the rating history of Kronos click here.
Shares of Kronos closed at $22.70 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla to launch Cybercab in Austin this month - report
- Yum! Brands (YUM) PT Lowered to $180 at Argus
- Bernstein SocGen Group Upgrades Whitbread PLC. (WTB:LN) (WTBCF) to Market Perform
Create E-mail Alert Related Categories
DowngradesRelated Entities
Earnings, Wells FargoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
