Axiom Says LG Chem News "Detrimental" to Polypore (PPO)
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Price: $60.48 --0%
Rating Summary:
2 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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An analyst at Axiom Capital commented on Polypore International (NYSE: PPO) following news that major customer LG Chem said it will have a separator plant up and running by the 2nd-half of the year.
The news suggests to Axiom that this material customer is now making product it was buying from PPO.
Axiom said the announcement from LG Chem is "detrimental" to Polypore, especially given the capacity additions PPO was expecting from LG Chem.
Axiom started coverage on PPO Monday with a Sell
Shares of PPO are down 26 percent.
The news suggests to Axiom that this material customer is now making product it was buying from PPO.
Axiom said the announcement from LG Chem is "detrimental" to Polypore, especially given the capacity additions PPO was expecting from LG Chem.
Axiom started coverage on PPO Monday with a Sell
Shares of PPO are down 26 percent.
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