Cantor Fitzgerald Starts Xyratex (XRTX) at Hold; Bumpy Road Ahead
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Price: $2.59 -10.69%
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Cantor Fitzgerald initiates coverage on Xyratex (NASDAQ: XRTX) with a Hold. PT $12.00.
Analyst, Paul Mansky, said, "While the shares appear inexpensive if we were to assume now is the cycle trough, we view there to be too many obstacles impeding a recovery with the market -- the latter of which remains in doubt. This view is reflected in our below-consensus estimates from 3Q:12E forward."
For an analyst ratings summary and ratings history on Xyratex click here. For more ratings news on Xyratex click here.
Shares of Xyratex closed at $10.98 yesterday.
Analyst, Paul Mansky, said, "While the shares appear inexpensive if we were to assume now is the cycle trough, we view there to be too many obstacles impeding a recovery with the market -- the latter of which remains in doubt. This view is reflected in our below-consensus estimates from 3Q:12E forward."
For an analyst ratings summary and ratings history on Xyratex click here. For more ratings news on Xyratex click here.
Shares of Xyratex closed at $10.98 yesterday.
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