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UPDATE: D.A. Davidson Downgrades Powell Industries As Growth Prospects Are Less Clear

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In a report published Monday, D.A. Davidson analyst Brent Thielman downgraded the rating on Powell Industries, Inc. (NASDAQ: POWL) from Neutral to Underperform, and lowered the price target from $45.00 to $43.00.

In the report, D.A. Davidson noted, “Recent stock appreciation. Powell's shares are up 8% since earnings were reported on December 4th (~20% since the beginning of December). Earnings were better than expected, though they followed reduced expectations/guidance on September 25th, and a share repurchase program was recently announced, which was positively received. The shares have struggled throughout 2014 (even ahead of rapidly declining oil prices) due to internal operational challenges. Share performance has recently improved despite an increasingly cloudy spending environment among its core oil & gas customer base.”

Powell Industries closed on Friday at $47.95.

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 Downgrades Analyst Ratings

 

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Latest Ratings

StockFirmActionPT
IQDowngrades
IQDowngrades21.0
COTYMaintains9.0
FNMaintains60.0
NNNMaintains57.0
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