Market Overview

UPDATE: Ascendiant Capital Initiates Coverage on Polypore International with Neutral Rating, $45.50 PT on Fair Valuation

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 Friday, Ascendiant Capital analyst Carter W. Driscoll initiated coverage on Polypore International (NYSE: PPO) with a Neutral rating and $45.50 price target.

In the report, Ascendiant Capital noted, “Innovation and design of microporous membranes is core sustainable advantage. Polypore's ability to innovate and penetrate new applications/markets using its proprietary polymer-based microporous membranes and separators is its core sustainable advantage. Its value proposition is adding precision porosity to polymers and creating new products and opening new end markets. Levered to adoption of electrified drive trains and Li-ion powered consumer electronic devices. While Polypore's #1 market share for lead acid battery separators provides revenue visibility and stability, the growth engine is lithium-ion battery separators. The proliferation in consumer electronic devices and the uptake in electrification of vehicle drive trains (using lithium-ion battery separators in which Polypore has #3 market position) are the two primary drivers.”

Polypore International closed on Thursday at $40.59.

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: Ascendiant CapitalAnalyst Color Initiation Analyst Ratings

 

Related Articles (PPO)

Around the Web, We're Loving...

Get Benzinga's Newsletters