Needham & Company reiterates a 'Strong Buy' on Polypore (PPO); Consumer Electronics Slowly Coming Back
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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 reiterates a 'Strong Buy' on Polypore International (NYSE: PPO) price target of $62.00.
Analyst, Michael Lew, said, "The company delivered a better than expected topline performance with projected financial improvement throughout the year. It seems like the worst is behind, as demand is improving in the core lead acid (PbA) business with healthcare also benefiting from increased capacity. The consumer electronics (CE) segment should gradually improve with material uptake in the electric vehicle (EV) segment still a bit sluggish as automakers prepare to scale volumes. In our view, Polypore is well-positioned to benefit from the evolution of the EV industry which is still in the early stages with Celgard separators to be used in 50 platforms (from 25) by year end."
Cuts FY12 EPS estimate from $2.47 to $2.25 and FY13 from $3.42 to $3.38.
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 $38.18 yesterday.
Analyst, Michael Lew, said, "The company delivered a better than expected topline performance with projected financial improvement throughout the year. It seems like the worst is behind, as demand is improving in the core lead acid (PbA) business with healthcare also benefiting from increased capacity. The consumer electronics (CE) segment should gradually improve with material uptake in the electric vehicle (EV) segment still a bit sluggish as automakers prepare to scale volumes. In our view, Polypore is well-positioned to benefit from the evolution of the EV industry which is still in the early stages with Celgard separators to be used in 50 platforms (from 25) by year end."
Cuts FY12 EPS estimate from $2.47 to $2.25 and FY13 from $3.42 to $3.38.
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 $38.18 yesterday.
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