Kaydon Corporation (KDN +0.2%) gets no love from Goldman Sachs this morning, who inititates the...

|About: Kaydon Corporation (KDN)|By:, SA News Editor

Kaydon Corporation (KDN +0.2%) gets no love from Goldman Sachs this morning, who inititates the shares with a Sell and $23 price target. The firm says that on the back of a significant recapitalization of the organization as well as a material write-down of assets related to the wind industry, uncertainty regarding the long-term strategic direction still remains high. The company also has weaker relative EPS growth relative to its peers, which is the basis for positioning in the sector.