Canaccord Genuity Maintains a 'Hold' on Fuel Systems Solutions (FSYS); Transitioning Off a Tough Q3;
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Price: $5.40 --0%
Rating Summary:
3 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Hold' on Fuel Systems Solutions (NASDAQ: FSYS) price target lowered to $22.00.
Canaccord analyst, John Quealy, said, "While Fuel Systems continues to deliberately manage its transition into new geographies and product lines, limited visibility along with continued investment in the ramp of the US auto business keep our near term expectations tempered, despite being favorably inclined."
"A weaker than expected quarter with several moving parts (one-time relocation
charge, 100% tax rate), as profitability continues to be adversely impacted by
tough European biz and growth investments in the US, partially offset by further
recovery in aftermarket and resilience in the industrial business (aux power and
mobile)."
For an analyst ratings summary and ratings history on Fuel Systems Solutions click here. For more ratings news on Fuel Systems Solutions click here.
Shares of Fuel Systems Solutions closed at $18.58 yesterday.
Canaccord analyst, John Quealy, said, "While Fuel Systems continues to deliberately manage its transition into new geographies and product lines, limited visibility along with continued investment in the ramp of the US auto business keep our near term expectations tempered, despite being favorably inclined."
"A weaker than expected quarter with several moving parts (one-time relocation
charge, 100% tax rate), as profitability continues to be adversely impacted by
tough European biz and growth investments in the US, partially offset by further
recovery in aftermarket and resilience in the industrial business (aux power and
mobile)."
For an analyst ratings summary and ratings history on Fuel Systems Solutions click here. For more ratings news on Fuel Systems Solutions click here.
Shares of Fuel Systems Solutions closed at $18.58 yesterday.
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