Maxwell Technologies Selected as Exclusive Capacitive Energy Storage Supplier by China's Largest Rail Company

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Cowen Cuts Price Target on Maxwell Technologies (MXWL) Following 2Q Results

July 31, 2015 9:39 AM EDT

Cowen maintained an Outperform rating on Maxwell Technologies (NASDAQ: MXWL), and cut the price target to $7.00 (from $9.00), following 2Q15 results. Maxwell reported revenues of $37.8mn, slightly above consensus estimates of $37.4mn. Non-GAAP EPS was ($0.11), above the Street's estimate of ($0.18).

Analyst Jeffrey Osborne... More