A123: Goldman Downgrades

A123: Goldman Downgrades - Forbescatalyst we think will drive the stock – the extent of profitability longer term,” he writes in a research note. “Thursday’s announcement to supply GM provides comfort around A123’s relevance but does not address profit potential. Our DCF- and M&A-based, six-month price target goes to $5 from $9 on a higher discount rate, given limited clarity on the potential range of profitability and ongoing macro uncertainty.”

AONE closed Thursday at $4.60.

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