Polypore International Downgraded to “Market Perform” at Wells Fargo & Co. (PPO)
Polypore International (NYSE:PPO) was downgraded by equities researchers at Wells Fargo & Co. from an “outperform” rating to a “market perform” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.
PPO has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets initiated coverage on shares of Polypore International in a research note on Wednesday. They set a “market perform” rating on the stock. Separately, analysts at Zacks upgraded shares of Polypore International from an “underperform” rating to a “neutral” rating in a research note on Monday, January 27th. They now have a $38.20 price target on the stock. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Polypore International in a research note on Monday, December 30th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $41.28.
Shares of Polypore International (NYSE:PPO) opened at 30.01 on Thursday. Polypore International has a 52 week low of $29.39 and a 52 week high of $48.41. The stock’s 50-day moving average is $35.19 and its 200-day moving average is $39.41. The company has a market cap of $1.343 billion and a P/E ratio of 28.55.
Polypore International, Inc is a global high-technology filtration company that develops, manufactures and markets specialized microporous membranes used in separation and filtration processes.
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