Goldman Sachs: A123 Systems, Inc. Highlights Analyst Day, Maintains Neutral

Goldman Sachs released a research report on A123 Systems, Inc. AONE highlighting its analyst day. In the report Goldman Sachs writes, “We expect limited near-term impact on A123 shares given the lack of any meaningful new data and incremental visibility into potential catalysts and/or improved liquidity. As expected, A123 kept its financial targets unchanged, reiterating a revenue outlook of $210-$225 mn for fiscal 2011 with both auto and grid sales on track. Grid sales hold substantial long term potential, but will likely evolve with policy.” Goldman Sachs maintains a Neutral rating and price target of $5.00 on A123 Systems, Inc., which closed yesterday at $4.79.