Market Overview

UPDATE: Stifel Nicolaus Raises PT on Polypore on Positive Industry Data

Share:

In a report published Monday, Stifel Nicolaus analyst Jeffrey Osborne reiterated a Buy rating on Polypore (NYSE: PPO), and raised the price target from $41.00 to $49.00.

In the report, Stifel Nicolaus noted, “The recently reported North American EV/PHEV/hybrid vehicle shipment data points to better than our previously expected 2Q13 demand conditions for Polypore's lithuim-ion separator business that generates 50%+ incremental margins. Furthermore, we are seeing increasingly competitive lease pricing for a number of current or soon to be introduced models where demand elasticity should translate into brighter prospects for PPO's separator sales over the coming quarters and pose a headwind for the company's still high 27% short interest. We are raising our 12-month target price for Polypore from $41 to $49 and our 2013 Adj. EPS estimate from $1.56 to $1.58.”

Polypore closed on Friday at $41.07.

Latest Ratings for PPO

DateFirmActionFromTo
Mar 2015Cowen & Co.DowngradesOutperformMarket Perform
Feb 2015William BlairDowngradesOutperformMarket Perform
Feb 2015MLV & Co.DowngradesBuyHold

View More Analyst Ratings for PPO
View the Latest Analyst Ratings

 

Related Articles (PPO)

View Comments and Join the Discussion!

Posted-In: Jeffrey Osborne Stifel NicolausAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
TFCMorgan StanleyMaintains61.0
TRVGMorgan StanleyMaintains2.1
SPGMorgan StanleyMaintains82.0
SCMorgan StanleyMaintains30.0
RYTMMorgan StanleyMaintains33.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com