Fuel Systems Solutions (FSYS) Shares "Washed Out", Hold, PT to $19 - Canaccord
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Price: $5.40 --0%
Rating Summary:
3 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintained a Hold rating on Fuel Systems Solutions (NASDAQ: FSYS) and lowered their price target to $19.00 (from $23.00).
"While visibility on the ramp of model year volumes in North America is constrained near term, we find the Street somewhat under-appreciating the
potential for contract wins and the long-awaited Asian biz to help support H2/12," said analyst John Quealy.
"All else equal, given the reduction to guidance and sell-off today (down ~12%),
shares look to be washed out here," he added.
Canaccord’s 2012/13 revenue/EPS numbers go to $404.3M/$0.46 and $440M/$0.50 from $417.4M/$0.25 and $450M/$0.52, respectively.
For an analyst ratings summary and ratings history on Fuel Systems Solutions click here. For more ratings news on Fuel Systems Solutions click here.
Shares of Fuel Systems Solutions closed at $16.65 yesterday.
"While visibility on the ramp of model year volumes in North America is constrained near term, we find the Street somewhat under-appreciating the
potential for contract wins and the long-awaited Asian biz to help support H2/12," said analyst John Quealy.
"All else equal, given the reduction to guidance and sell-off today (down ~12%),
shares look to be washed out here," he added.
Canaccord’s 2012/13 revenue/EPS numbers go to $404.3M/$0.46 and $440M/$0.50 from $417.4M/$0.25 and $450M/$0.52, respectively.
For an analyst ratings summary and ratings history on Fuel Systems Solutions click here. For more ratings news on Fuel Systems Solutions click here.
Shares of Fuel Systems Solutions closed at $16.65 yesterday.
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