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UPDATE: Lake Street Capital Markets Initiates Power Solutions International at Buy on Catalysts

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Lake Street Capital Markets initiated coverage on Power Solutions International (OTC: PSIX) with an Outperform rating and a $25 price target.

Lake Street Capital Markets commented, "We think there are potential catalysts ahead that would increase visibility on future revenue and earnings growth and raise investor interest. These include PSI: (1) adding large new industrial market customers or programs; (2) receiving on-road certification for its 8.8-liter engine; (3) launching new engine products; and (4) listing its shares on NASDAQ."

Power Solutions International closed at $18.55 on Friday.

Latest Ratings for PSIX

DateFirmActionFromTo
Aug 2016Lake StreetDowngradesBuyHold
Apr 2016Lake StreetMaintainsBuy
Jan 2016Piper JaffrayDowngradesOverweightNeutral

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Posted-In: Lake Street Capital MarketsAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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