BWS Financial maintains a 'Buy' on Kemet (KEM); Buying Opportunity Created From Emotions
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Price: $27.58 --0%
Rating Summary:
3 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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BWS Financial maintains a 'Buy' on Kemet (NYSE: KEM) price target of $12.00.
Analyst, Hamed Khorsand, said, "There has been an abrupt change in investor sentiment towards Kemet (KEM). The Company, who has been battling an industry-wide inventory issue the last three quarters in addition pricing declines, has seen its shares decline dramatically in the last few days even though there seems to be a bottom in excess inventory."
"KEM’s shares have been unjustly sold as though the business was declining in a precipitous fashion. This is not the case. The industry is seeing a rebound. Investors sold KEM’s stock purely on emotion. The risks have always been around in abundance. We would use the current weakness in KEM’s stock as a buying opportunity."
For an analyst ratings summary and ratings history on Kemet click here. For more ratings news on Kemet click here.
Shares of Kemet closed at $5.38 yesterday.
Analyst, Hamed Khorsand, said, "There has been an abrupt change in investor sentiment towards Kemet (KEM). The Company, who has been battling an industry-wide inventory issue the last three quarters in addition pricing declines, has seen its shares decline dramatically in the last few days even though there seems to be a bottom in excess inventory."
"KEM’s shares have been unjustly sold as though the business was declining in a precipitous fashion. This is not the case. The industry is seeing a rebound. Investors sold KEM’s stock purely on emotion. The risks have always been around in abundance. We would use the current weakness in KEM’s stock as a buying opportunity."
For an analyst ratings summary and ratings history on Kemet click here. For more ratings news on Kemet click here.
Shares of Kemet closed at $5.38 yesterday.
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