Exide Technologies (XIDE -11.8%) sinks for a second day after regulators effectively force the...

|About: Exide Technologies (XIDEQ)|By:, SA News Editor

Exide Technologies (XIDE -11.8%) sinks for a second day after regulators effectively force the closure of a California lead recycling center. Wedbush analyst Craig Irwin downgrades the shares to Neutral and lowers his price target to $2 from $6. The closure "raises issues around a potential impact on the balance sheet and near-term profitability," he says. Shares are now trading under $1.