J.P. Morgan Slashes Estimates For LoJack Corp. (LOJN)

J.P.Morgan JPM has adjusted its forecast for LoJack Corp LOJN. It has introduced a more gradual incline in 2010 revenue growth. J.P. Morgan has marginally slashed 2010 forecast, but has retained estimates for 2011. 2010 EPS estimate has been changed from ($0.02) to ($0.09). The revenue estimates have also been downgraded slightly to $142 million. However, it has retained the overweight rating for the stock. J.P. Morgan has stated that it is confident that LoJack Corp (LOJN) is capable of delivering strong EPS growth through 2011. Its price target for December 31st, 2010 is at $7.50. LoJack is currently trading at $4.08.