Roth Capital Assigns Buy On Shares Of Maxwell Technologies, $15 PT
In a research report issued today, Roth Capital analyst Philip Shen assigned a Buy rating on Maxwell Technologies (NASDAQ:MXWL) with a price target of $15.00.
Shen observed, “A positive sentiment cycle appears to be developing in MXWL. The China bus market has likely found a bottom, and we see strong wind shipments ahead. While a recent check with Yutong suggests there may be some more uncertainty in 2015, we continue to believe the volume bias is to the upside. Moreover, there’s potential for modest upside estimate revisions, and MXWL’s better-than-expected Q4 outlook suggests breakeven or positive Q4 EPS is now in play.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Philip Shen has a total average return of -6.9% and a 31.3% success rate. Shen has a -10.9% average return when recommending MXWL, and is ranked #3244 out of 3343 analysts.