UPDATE: Morgan Stanley Raises PT on Power-One from $3.40 to $3.70

by Benzinga Staff
July 27, 2012 10:58 AM | 22 seconds read | Make a Comment

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Morgan Stanley maintained an Underweight rating on Power-One (NASDAQ: PWER) and raised its price target from $3.40 to $3.70.Morgan Stanley commented, “PWER was able to beat expectations handily on volumes due primarily to potential customers expediting installations ahead of feed-in tariff cuts in Europe. We see conditions experienced by the company in Q2 as a one-off and expect both volume and margin pressure going forward.”Power-One closed at $4.88 on Thursday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

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