Polypore International (PPO -2%) slips on a tepid initiation at Ascendiant Capital with a...

|About: Polypore International, Inc. (PPO)|By:, SA News Editor

Polypore International (PPO -2%) slips on a tepid initiation at Ascendiant Capital with a Neutral and a $45.50 price target. The firm says the stock is trading a premium to its peers, and appears fairly valued based on current metrics. Also adding to the weakness in the shares today could be the plunge in Exide (XIDE -43%).