Goldman Sachs Downgrades A123 Systems (AONE) to Neutral
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Price: $8.56 --0%
Rating Summary:
3 Buy, 5 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 5 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs downgraded A123 Systems (NASDAQ: AONE) from Buy to Neutral with a price target of $5 (down from $9).
The firm cited lower visibility into the next catalyst - the extent of profitability longer term. The GM (NYSE: GM) supply deal provides comfort around the company's relevance but does not address profit potential, according to the firm.
For more ratings news on A123 Systems click here and for the rating history of A123 Systems click here.
Shares of A123 Systems closed at $4.60 yesterday.
The firm cited lower visibility into the next catalyst - the extent of profitability longer term. The GM (NYSE: GM) supply deal provides comfort around the company's relevance but does not address profit potential, according to the firm.
For more ratings news on A123 Systems click here and for the rating history of A123 Systems click here.
Shares of A123 Systems closed at $4.60 yesterday.
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