Morgan Stanley: A123 Systems Inc. Investor Day, Maintains Overweight Rating

Morgan Stanley released a research report on A123 Systems Inc.

highlighting its investor day outcome. In the report, Morgan Stanley writes, “We took away three key points: 1) higher volumes are critical to hitting the company's margin targets; 2) prismatic cell manufacturing is up and running; 3) customer demand for production orders remains highly concentrated. We believe A123 can convert development contracts to production orders – as they did with GM – and see 90% upside potential to our $9 target price.” Morgan Stanley has an Overweight rating and price target of $9.00 on A123 Systems Inc., which closed yesterday at $4.79.