DA Davidson Upgrades Rogers Corp. (ROG) to Buy, Price Target Raised to $48

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February 17, 2012 2:21 PM EST
Get Alerts ROG Hot Sheet
Price: $142.91 +3.78%

Rating Summary:
    8 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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DA Davidson's Avinash Kant upgraded shares of Rogers Corp (NYSE: ROG) from Neutral to Buy and lifted his price target on the stock from $42 to $48.

The raised investment rating follows fourth-quarter results from the company Thursday afternoon. The analyst said he was cautious on the company following a weak quarter and into the first calendar year quarter, but "now expect fundamentals will improve from Q2:CY12 onwards."

With Rogers shares down 2.7 percent to $40.75 at last check, DA Davidson's new price target implies potential upside of about 18 percent.

For an analyst ratings summary and ratings history on Rogers Corp click here. For more ratings news on Rogers Corp click here.

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