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Maxwell Technologies (MXWL -10%) takes a big hit from a downgrade to Neutral at Wedbush, citing...

Maxwell Technologies (MXWL -10%) takes a big hit from a downgrade to Neutral at Wedbush, citing elevated competitive and supply chain risks. The firm esentially is throwing in the towel on the current year, as evidenced by the slashing of its price target to $8 from $20.
Comments (1)
  • turnerma
    , contributor
    Comments (7) | Send Message
     
    Don't know who they are but from this comment they sound like mediocre analysts. I'll bet they're downgrading because the performance of the shares is disappointing (esp with heavy selling by Jose Cortes according to SEC reports) and in reality they have no new fundamental reasons since $18. Happy not to be their client!
    25 May 2012, 12:30 PM Reply Like
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