Markets & Finance

RW Baird Trims Optimal Robotics


RW Baird cut its rating on Optimal Robotics (OPMR) to market perform from strong buy.

Analyst Reik Read says he continues to have a positive long-term view of the company's business. However, he is concerned that a recent upturn in stock (over 20% since Jan. 29) may correct, given the difficult conditions in the equity market and given the company's post-conference call history. Read notes that in the last four quarters the company traded down about 15% (on average) in the first week after its earnings conference call. He believes a lack of a near-term catalyst and continued balance sheet concerns may again start a post-conference call trend. Therefore, any pullback in stock below $30 represents a buying opportunity.


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