UPDATE: Sterne Agee Reduces PT to $11 on OCZ Technology Group
Sterne Agee reiterated its Overweight rating on OCZ Technology Group (NASDAQ: OCZ) but reduced its price target from $13 to $11.
Sterne Agee commented, "Offsetting events during 1Q13 will likely cause stock to remain range-bound in the immediate term but we continue to believe OCZ can deliver on cash flow management in F2H13, which should drive the stock into the double digits as we move closer to 3Q13. Lowering PT to reflect the increased speculative nature of the story."
OCZ Technology Group closed at $5.45 on Tuesday.
Latest Ratings for OCZ
|Mar 2013||Longbow Research||Initiates Coverage on||Neutral|
|Oct 2012||FBN Securities||Drops Coverage on|
|Sep 2012||Stifel Nicolaus||Downgrades||Buy||Hold|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.