I don't have details so if anyone has access to this I'd be interested in reading the reasoning/research - since it's a small cap company there is very little coverage. I'd like to take credit for it with my article on Pickens yesterday but apparently
it's an upgrade from firm Broadpoint Capital.
- Broadpoint Capital upgrades Fuel Systems Solutions (Nasdaq: FSYS) from Neutral to Buy with a $36 price target.
I truly believe we have the correct stocks - we just have such an awful market, they are not able to show their colors. It's a shame the rest of the economy is in such shambles.
[
Jul 2: Buying Fuel Systems Solutions (FSYS) for the 3rd Piece of my Alternative Energy Basket]
Long Fuel Systems Solutions in fund and personal account
2 comments:
This is the best I can do:
Broadpoint Capital upgrades FSYS to Buy from Neutral noting the stock is down 34% since hitting its 52-week high on June 23 compared to a 6% decrease in the Russell 2000 Index. The firm says this represents an attractive entry point. The firm also says there may be additional upside to their 2009-2010 revenue estimates as well as their margin assumptions.
thank you. It was a nice dip for those of us not in the stock.
Just hate this overall market.
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