- Polypore International (PPO) +7.7% premarket after announcing a five-year lithium-ion separator supply agreement with Panasonic (PCRFY), and authorizing a repurchase of up to 4.5M common shares.
- Q1 results were mixed, however, with earnings falling short of expectations but revenues rising 10% Y/Y; sales of lead-acid battery separators rose 4% while lithium battery separator sales jumped 23% due to higher volumes in electric drive vehicles.
- DA Davidson upgrades shares to Buy from Neutral and raises its price target to $42 from $36, citing PPO's flexibility to increase capital investments in strategic growth opportunities through the recent debt restructuring and subsequent lower interest rates.
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From other sites
at CNBC.com (Feb 25, 2014)
at CNBC.com (Mar 18, 2013)
at CNBC.com (Sep 11, 2012)
Video at CNBC.com (Feb 23, 2012)
Video at CNBC.com (Feb 1, 2012)
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