Polypore (PPO) Indicated Higher Early Wednesday Following 30% Drop
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Polypore International (NYSE: PPO) shares are indicated about 2 percent higher early Wednesday.
Shares ended Tuesday about 30 percent lower following reports that competitor LG Chem said it will have a separator plant up and running by the 2nd-half of the year.
Analysts at Axiom Capital and DA Davidson agreed, saying it would add "near-term" pressure.
Shares were last quoted at $38.79.
Shares ended Tuesday about 30 percent lower following reports that competitor LG Chem said it will have a separator plant up and running by the 2nd-half of the year.
Analysts at Axiom Capital and DA Davidson agreed, saying it would add "near-term" pressure.
Shares were last quoted at $38.79.
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