Wunderlich Securities Reiterates Sell and $3.50 PT On A123 Systems (AONE)

Wunderlich Securities has reiterated its Sell rating and $26 price target on A123 Systems AONE in a research report published today, just ahead of A123 Systems' Q1 results, which are due next week. In the report, Wunderlich states, "A123 Systems (AONE) is scheduled to announce 1Q11 results after the close on Monday, May 9. Street is looking for revenue and a loss per share of $18.3 million and $0.45, respectively. While we have a less negative outlook, the key issue will be guidance into 2Q11 and plans at Fisker Automotive. We reiterate our Sell rating and $3.50 price target." In today's trading, A123 System lost 3.08% to stand at $5.64.