BWS Financial maintains a 'Buy' on Kemet (KEM); Buying Opportunity Created From Emotions
Tweet
Share
E-mailGet Alerts KEM Hot Sheet
Price: $27.58 --0%
Rating Summary:
3 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Viking Holdings (VIK) PT Raised to $82 at Mizuho
- Bernstein SocGen on Meta Platforms Inc. (META): 'Risk-reward remains attractive'
- Walmart (WMT) PT Lowered to $125 at JPMorgan, Overweight Rating Maintained as 'Short Case Feels Greedy'
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
BWS FinancialSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
