Needham & Company Maintains a 'Strong Buy' on Black Diamond (BDE); Raising PT & Estimates on Accretive Acquisition
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Price: $6.65 --0%
Rating Summary:
3 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Strong Buy' on Black Diamond (NASDAQ: BDE) price target of $15.00 (from $11.00).
Analyst, Sean McGowan, said, "On July 2nd, BDE closed the previously announced acquisition of Swedish-based POC, a rapidly growing maker of premium helmets
and other protective sports gear. (See our note of June 8th.) With the deal now closed, we are raising our estimates and target price to reflect the benefits of the acquisition, which we expect to be meaningfully accretive beginning in 2013. We believe the deal would be modestly accretive to 2012 if deal-related costs were excluded." (FY12 EPS estimate maintained at $0.10, FY13 raised from $0.15 to $0.20)
For an analyst ratings summary and ratings history on Black Diamond click here. For more ratings news on Black Diamond click here.
Shares of Black Diamond closed at $9.66 yesterday.
Analyst, Sean McGowan, said, "On July 2nd, BDE closed the previously announced acquisition of Swedish-based POC, a rapidly growing maker of premium helmets
and other protective sports gear. (See our note of June 8th.) With the deal now closed, we are raising our estimates and target price to reflect the benefits of the acquisition, which we expect to be meaningfully accretive beginning in 2013. We believe the deal would be modestly accretive to 2012 if deal-related costs were excluded." (FY12 EPS estimate maintained at $0.10, FY13 raised from $0.15 to $0.20)
For an analyst ratings summary and ratings history on Black Diamond click here. For more ratings news on Black Diamond click here.
Shares of Black Diamond closed at $9.66 yesterday.
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