By: Benzinga
UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on Power-One
In a report published Friday, Jefferies & Company reiterated its Buy rating on Power-One (NASDAQ: PWER ), but slightly lowered its price target from $6.00 to $5.00. Jefferies noted, “The company preannounced 4Q12 rev of $190-195M vs. prev $210-230M and a $12-15M loss. Margin pressure was surprising, and we believe
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