Replies to post #62378 on Options Wonderland

[3xBuBu]

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.