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Goldman Sachs Downgrades WMS Industries (WMS) to Sell, Sees 16% Downside

March 7, 2011 6:36 AM EST
Get Alerts WMS Hot Sheet
Price: $160.32 +0.02%

Rating Summary:
    10 Buy, 12 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 14
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Goldman Sachs downgraded WMS Industries (NYSE: WMS) from Neutral to Sell and lowered their price target from $40 to $32.50, suggesting 16% downside.

The firm cited their most recent slot survey which showed the company is starting to lose momentum. The firm said the stock should no longer trade at a premium.

For more ratings news on WMS Industries click here and for the rating history of WMS Industries click here.

Shares of WMS Industries closed at $39.35 yesterday.


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