Wedbush Reiterates Neutral On Virco Manufacturing Following 1Q Results
In a report published today, Wedbush analyst Al Kaschalk reiterated a Neutral rating and $2.75 price target on Virco Manufacturing (VIRC) following the company’s 1Q:FY15 results.
“Due to the continued end-market challenges resulting from considerable state/local budget constraints and further cost-reduction efforts, we would remain cautious on shares of VIRC”, Kaschalk said.
According to TipRanks, which measures analysts and bloggers success rate based on how their calls perform, analyst Al Kaschalk currently has a one-year average return of 0.8% and a 40% success rate. He is ranked #2049 out of 3112 analysts.