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UPDATE: Bank of America Downgrades WMS Industries to Underperform on Expense Outlook

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Bank of America lowered its rating on WMS Industries (NYSE: WMS) from Neutral to Underperform with a reduced price objective of $14.

Bank of America said, "WMS reported its FQ4 earnings and now plans on making material investments in F13 for its interactive business. We have been cautious on R&D spend in Gaming Tech, as returns are challenged by fierce competition. Ramping expenses raises risk of material shortfalls in F13 EPS and we think the turnaround faces additional risks until at least 2H F13 and lower our rating to U/P."

WMS Industries closed at $18.26 on Monday.

Latest Ratings for WMS

DateFirmActionFromTo
Oct 2014BarclaysMaintainsOverweight
Sep 2014Deutsche BankInitiates Coverage onBuy
Sep 2014BarclaysInitiates Coverage onOverweight

View More Analyst Ratings for WMS
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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