UPDATE: Sterne Agee Downgrades WMS Industries to Neutral

By Steven Anfield
Benzinga Staff Writer
September 27, 2011 8:22 AM

Symbols: WMS

Posted in: Analyst Color, Downgrades, Price Target, Analyst Ratings

According to Sterne Agee, WMS Industries (NYSE: WMS) is downgraded to Neutral.

Sterne Agee said that it is lowering its rating on WMS to Neutral from Buy. “While our move is admittedly late given the stock's downward move from highs and already low Company specific and overall supplier sentiment, we struggle to find a near or intermediate catalyst to pull WMS' stock multiple higher.”

WMS Industries closed yesterday at $18.23.

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UPDATE: Sterne Agee Downgrades WMS Industries to Neutral

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