Jefferies maintains a 'Buy' on Power-One (NASDAQ: PWER) price target of $6.00.
http://www.streetinsider.com/Analyst+Comments/Jefferies+Maintains+a+Buy+on+Power-One+%28PWER%29%3B+Strong+Beat+and+Raise%3B+Attractive+Despite+Euro+Risk/7609879.html
Analyst, Jesse Pichel, said, "PWER delivered significant Q2 upside and guided Q3 well above Street expectations, though a seq decline from Q2. PWER appears to be gaining share in all markets despite a challenging overall environment, with a strong balance sheet with no debt, $1.66/sh in cash and has a saleable power solutions asset that may fetch $150-200M. Shares offer attractive risk/reward at current levels despite its high exposure to the European market."
FY12 EPS estimate raised from $0.49 to $0.63, FY13 cut from $0.70 to $0.65.
If at first you don’t succeed, try, try again. Then give up. There’s no sense being a fool about it.
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