AI
Wednesday, November 10, 2010 1:34:42 PM
Shares of A123 Systems (Nasdaq: AONE) are getting whacked this morning following disappointing Q3 results from the company last night.
The stock last traded at $8.86, down 10.9% from yesterday's closing price.
While analysts seem rather-quiet on the quarterly report today, an analyst at Credit Agricole made a convicted Sell call earlier. The analyst downgraded shares of A123 from Outperform to Underperform and also reduced the stock's price target from $12 to $10.
Despite the Underperform rating, Credit Agricole's new price target actually represents potential upside of almost 13% from where the stock is trading today.
The stock last traded at $8.86, down 10.9% from yesterday's closing price.
While analysts seem rather-quiet on the quarterly report today, an analyst at Credit Agricole made a convicted Sell call earlier. The analyst downgraded shares of A123 from Outperform to Underperform and also reduced the stock's price target from $12 to $10.
Despite the Underperform rating, Credit Agricole's new price target actually represents potential upside of almost 13% from where the stock is trading today.
My post is for my own entertainment, do your own DD
before pushing your buy/sell buttons
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