J.P. Morgan Maintains Neutral on LoJack
J.P. Morgan is out with its report today on LoJack (NASDAQ: LOJN), maintaining Neutral.
In its report, J.P. Morgan writes, "LOJN remains attractively valued on a 2012 EV/EBITDA basis trading at only1.0x times; however we believe risks will weigh on this illiquid stock until we get more clarity regarding the dispute with Global Tracking, a significant risk to forward estimates."
J.P. Morgan maintains a $5.50 PT on LOJN.
At the time of posting, shares of LOJN were trading at $3.28.
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