Wunderlich Securities Maintains American Superconductor Buy, Lowers PT

Wunderlich Securities maintained its American Superconductor (AMSC) Buy rating and lowered its American Superconductor price target from $20 to $12 in a research report published today.

In the report, Wunderlich Securities states, "American Superconductor (AMSC) announced last night that it would lay off 150 employees and report less than $10 million in revenue in the quarter. We have also noted that the company filed an 8-K yesterday covering the termination of two more senior executives with sweetened termination clauses."

Shares of American Superconductor were trading at $6.95 at the time of posting, up 11.74% from Thursday's market close.