Needham & Company Reiterates a 'Strong Buy' on Polypore International (PPO); Highlights From Analyst Day

Needham & Company reiterates a 'Strong Buy' on Polypore International (NYSE: PPO) price target of $44.00 (from $50.00).

Analyst, Michael Lew, said, "The company hosted an informative analyst event that focused on technological benefits of its Celgard dry process and also provided a tour of the Charlotte and Concord, North Carolina manufacturing facilities. The efficiency
advantages of the Celgard brand over the competition were clarified. We believe the fundamental drivers for the business are unchanged, and it should just be a matter time when volumes improve."

FY12 EPS estimate lowered from $2.14 to $1.85 and FY13 from $3.11 to $2.44.

For an analyst ratings summary and ratings history on Polypore International click here. For more ratings news on Polypore International click here.

Shares of Polypore International closed at $35.84 yesterday.

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