Needham & Company Maintains a 'Strong Buy' on Polypore Intl (PPO); The Best is Yet To Come
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Price: $60.48 --0%
Rating Summary:
2 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Strong Buy' on Polypore International (NYSE: PPO) price target raised from $75 to $79.
Needham analyst says, "Management is executing to plan as the capacity additions are on track to come online over the next 18 months. In our view, the 'best is yet to come' for Polypore as demand for its products is strong. In addition, we expect accelerated uptake of materials for electric vehicle (EV) applications as more vehicles are rolled out into the market place."
"PPO is adding additional capacity as demand for its high performance membrane products exceeds supply. We believe this additional supply will be absorbed and are adjusting our near-term financial estimates to reflect this. For 2012, our new sales estimate is for revenue growth of 21% to $931.7 million (from $906.2 million) with operating EPS of $2.83 (from $2.56). Our preliminary 2013 forecast is for revenues of $1,101.1 million and operating EPS of $3.66."
For an analyst ratings summary and ratings history on Polypore International click here. For more ratings news on Polypore International click here.
Shares of Polypore International closed at $50.27 yesterday.
Needham analyst says, "Management is executing to plan as the capacity additions are on track to come online over the next 18 months. In our view, the 'best is yet to come' for Polypore as demand for its products is strong. In addition, we expect accelerated uptake of materials for electric vehicle (EV) applications as more vehicles are rolled out into the market place."
"PPO is adding additional capacity as demand for its high performance membrane products exceeds supply. We believe this additional supply will be absorbed and are adjusting our near-term financial estimates to reflect this. For 2012, our new sales estimate is for revenue growth of 21% to $931.7 million (from $906.2 million) with operating EPS of $2.83 (from $2.56). Our preliminary 2013 forecast is for revenues of $1,101.1 million and operating EPS of $3.66."
For an analyst ratings summary and ratings history on Polypore International click here. For more ratings news on Polypore International click here.
Shares of Polypore International closed at $50.27 yesterday.
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