UPDATE - Global Hunter Securities Initiates Coverage on Twin Disc (TWIN) with a Neutral
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Price: $23.42 -4.29%
Rating Summary:
3 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UPDATE - Global Hunter Securities initiates coverage on Twin Disc (Nasdaq: TWIN) with a Neutral.
Analyst, Joe Giamichael, said, " We are initiating coverage of Twin Disc with a Neutral rating due to a lack of clarity in intermediate demand trends and concern following negative commentary regarding the potential impact of lower capex from several public company customers in the energy space. Six-month backlog numbers reported in Q2 FY2012 showed the first sequential decline following 10 quarters of consistent growth; while the decline is relative to record levels reported in Q1, it has created some uncertainty, and we have chosen to take a conservative stance to wait for additional clarity in Q3. While valuation relative to historic multiples remains at the lower end of the historic range, we are concerned that there is a risk of downward revisions to consensus estimates."
To see more ratings changes on TWIN, Click Here
Analyst, Joe Giamichael, said, " We are initiating coverage of Twin Disc with a Neutral rating due to a lack of clarity in intermediate demand trends and concern following negative commentary regarding the potential impact of lower capex from several public company customers in the energy space. Six-month backlog numbers reported in Q2 FY2012 showed the first sequential decline following 10 quarters of consistent growth; while the decline is relative to record levels reported in Q1, it has created some uncertainty, and we have chosen to take a conservative stance to wait for additional clarity in Q3. While valuation relative to historic multiples remains at the lower end of the historic range, we are concerned that there is a risk of downward revisions to consensus estimates."
To see more ratings changes on TWIN, Click Here
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