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Analog Devices, Inc. Message Board

  • acev70 acev70 Sep 26, 2013 9:34 AM Flag

    wlt, finally the dam breaks. i'm taking the day off.

    pt $33 by morgan stanley

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    • now goldman-
      Goldman Sachs upgraded Walter Energy (NYSE: WLT) from Sell to Neutral with a price target of $15.00 (from $10.00).

      Analyst Neil Mehta cited improving risk/reward at met bottoms. He also notes short interest levels appear elevated, presenting risk of a reversal leading to a stock price increase.

      "As of September 1, short interest as a percent of the float for WLT was at 43% (per FactSet), the highest among any small cap stock under Goldman Sachs Equity Research coverage," Mehta notes. "Going into 2013, short interest was at only 12%, with dramatic increases over the last 4 months as met coal prices pulled back."

62.28-0.95(-1.50%)Sep 26 4:00 PMEDT