Peregrine price target lowered to $16 from $20 at RBC Capital RBC Capital reduced its price target on Peregrine after the company provided weaker than expected Q1 guidance. The firm believes that the company's guidance is "prudently conservative," but is cautious due to what it sees as Peregrine's lack of 1H13 catalysts and higher expected 2013 SG&A spending. The firm thinks the stock has become a "show me" story, but it maintains an Outperform rating.
News For PSMI From The Last 14 Days
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