Roth Capital Maintains Buy On Vapor’s Shares, $6 PT
In a research report issued yesterday, Roth Capital analyst Anton Brenner maintained a Buy rating on Vapor Corp. (NASDAQ:VPCO) with a price target of $6.00.
Brenner noted, “The agreement to acquire International Vapor Corp. has been terminated. The purpose of the acquisition, which would have resulted in significant share dilution, was to improve VPCO’s online presence and establish a retail chain of smoke shops. VPCO now will pursue those ends on its own, hiring additional personnel, presumably at a somewhat lower cost.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Anton Brenner has a total average return of 11.2% and a 66.7% success rate. Anton is ranked #767 out of 3249 analysts.