UPDATE: Jefferies Lowers Price Target on American Superconductor to $4

By Steven Anfield
Benzinga Staff Writer
September 26, 2011 9:43 AM

Symbols: AMSC

Posted in: Analyst Color, Price Target, Analyst Ratings

According to Jefferies, American Superconductor (NASDAQ: AMSC) price target is lowered to $4.

Jefferies said that AMSC held their conference call on Friday after releasing their long-awaited restated financials. “We reiterate our Underperform rating and lower our PT to $4.”

American Superconductor Group closed on Friday at $5.08.

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UPDATE: Jefferies Lowers Price Target on American Superconductor to $4

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