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UPDATE: D.A. Davidson Lowers PT on Powell Industries, Inc. as Shares Remain Under Pressure

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In a report published Thursday, D.A. Davidson analyst Brent Thielman reiterated a Neutral rating on Powell Industries (NASDAQ: POWL), but lowered the price target from $48.00 to $45.00.

In the report, D.A. Davidson noted, “Since Powell updated its outlook on September 25th, the stock has declined ~18%. Challenges implementing a new operating system and ongoing inefficiencies in its newer Canadian facility were factors weighing on the company, which are anticipated to impact profitability in coming quarters. In addition, declining oil prices (along with broader equity market pressure) are likely influencing these shares. Powell is expected to report earnings in December.”

Powell Industries closed on Wednesday at $41.31.

Latest Ratings for POWL

DateFirmActionFromTo
Dec 2018MaintainsBuyBuy
Feb 2015DowngradesBuyHold
Jan 2015UpgradesUnderperformNeutral

View More Analyst Ratings for POWL
View the Latest Analyst Ratings

Posted-In: Brent Thielman D.A. DavidsonAnalyst Color Price Target Analyst Ratings

 

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