KeyBanc Downgrades WMS Industries (WMS) to Hold; Disappointing Quarter

KeyBanc downgraded WMS Industries (NYSE: WMS) from Buy to Hold.

KeyBanc analyst says, "We expect the shares to trade down after tonight's results as investor's expectations likely take another step down. We look for WMS to continue to opportunistically buy back stock with its remaining $198 million repurchase authorization and provide some stability for its shares, but look for the stock to generally perform in line with the market over the near to intermediate term."

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 $25.28 yesterday.

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