Market Overview

UPDATE: Wedbush Reiterates Outperform Rating, Raises PT on Polypore International on Growth Outlook

Related PPO
Midday Gainers From November 6: Planar Systems, Alamo Group, Kate Spade & Co And More
Mid-Day Market Update: Genworth Declines On Downbeat Earnings; Sierra Wireless Shares Spike Higher
Making Money With Charles Payne: 10/03/14 (Fox Business)

In a report published Wednesday, Wedbush reiterated its Outperform rating on Polypore International (NYSE: PPO), and raised its price target from $39.00 to $46.00.

Wedbush noted, “We see moderate risk for Polypore's 4Q12 EPS, where revenue was likely consistent with forecasts on healthy market demand, and confirmation of a sunset for one-time capacity expansion costs would be a positive. We forecast 4Q12 rev/adjusted EPS of $193.0m/$0.54 vs. the consensus $191.8m/$0.52. The company previously guided to 4Q12 adjusted EPS range of low-50 to low 60 cents. While it is possible Polypore could see one-time costs related to their capacity expansion that might weigh down EPS, we expect management to confirm this should be the last quarter where these expenses impact results as capacity additions should be materially complete.”

Polypore International closed on Tuesday at $42.98.

Latest Ratings for PPO

DateFirmActionFromTo
Nov 2014DA DavidsonMaintainsBuy
Aug 2014Ardour CapitalDowngradesAccumulateHold
Jun 2014WedbushDowngradesOutperformNeutral

View More Analyst Ratings for PPO
View the Latest Analyst Ratings

Posted-In: WedbushAnalyst Color Price Target Analyst Ratings

 

Related Articles (PPO)

Around the Web, We're Loving...

Get Benzinga's Newsletters