Planar: Shares Have Reached Full Valuation, Says Roth Capital
Roth Capital analyst Jeff Martin downgraded shares of Planar (NASDAQ:PLNR) to Neutral, while maintaining a price target of $7.00, which represents a slight downside potential from current levels.
Martin said, “Digital signage is on track to exceed 50% of revenue, which enables revenue growth acceleration and margin expansion. We foresee a strong 1Q15, driven by continued expansion of digital signage and a large custom OEM order for Commercial & Industrial. However, shares have reached full valuation, in our view, and we have lowered our rating to Neutral.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Jeff Martin has a total average return of 10.5% and a 50.0% success rate. Martin has a 271.0% average return when recommending PLNR, and is ranked #1132 out of 3367 analysts.