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HOLI

Hollysys

$19.07

0.21 (1.11%)

06:14
12/02/16
12/02
06:14
12/02/16
06:14

Hollysys announces Concord signs contract for Macau LRT Phase 1 Project

Hollysys Automation announced that the wholly owned subsidiary Concord Corporation signed a significant contract with Mitsubishi Heavy Industries to supply, installation of HVAC and Electrical installation services for Rolling Stock & System of Macau LRT phase 1 project. The contract is approximately valued at $17.17M. The project is planned to be finished in May 2018.

HOLI Hollysys
$19.07

0.21 (1.11%)

04/28/16
NOMU
04/28/16
DOWNGRADE
Target $16.4
NOMU
Reduce
Hollysys downgraded to Reduce from Neutral at Nomura
Nomura analyst Patrick Xu downgraded Hollysys to Reduce and lowered his price target to $16.40 from $17.21 and lowered estimates for the Industrial Automation segment. The analyst believes shares are expensive with such a low growth rate and sees downside to FY16 revenue guidance of $565M-$600M.
04/28/16
04/28/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Vertex (VRTX) downgraded to Neutral at Goldman by analyst Terence Flynn, who cited the company's second straight quarterly miss for Orkambi for cystic fibrosis. The analyst now expects shares to be range bound through year-end. 2. Twitter (TWTR) downgraded to Hold at Argus citing the company's slowing revenue growth and weak monthly average user growth. Argus says that the stock could decline further unless the company's user growth accelerates. 3. Baker Hughes (BHI) downgraded to Equal Weight at Stephens by analyst Matthew Marietta, who said he now sees "significant risk" to deal closure with Halliburton's (HAL), given the delay of the Halliburton's earnings call to after April 30 deadline and a fairly ominous report issued by the DOJ. Marietta also noted that Baker Hughes sees continued degradation of its NAM pumping business citing that the product line continues to generate negative cash flows. Baker Hughes (BHI) was also downgraded to Sector Perform at Iberia. 4. Hollysys (HOLI) downgraded to Reduce at Nomura after analyst Patrick Xu lowered estimates for the Industrial Automation segment. The analyst believes shares are expensive with such a low growth rate and sees downside to FY16 revenue guidance of $565M-$600M. 5. FirstEnergy (FE) downgraded to Hold at Jefferies by analyst Anthony Crowdell after the Federal Energy Regulatory Commission rescinded the company's Ohio power purchase agreement. Crowdell views the stock as fairly valued without the PPA. RBC capital also downgraded the company to Sector Perform, saying that FirstEnergy will have to issue around $2B of equity this year to strengthen its balance sheet and remain investment grade. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage,
05/24/16
NOMU
05/24/16
UPGRADE
NOMU
Neutral
Hollysys upgraded to Neutral from Reduce at Nomura
Nomura upgraded Hollysys to Neutral citing the recent pullback in shares.
07/11/16
DBAB
07/11/16
INITIATION
Target $25.8
DBAB
Buy
Hollysys initiated with a Buy at Deutsche Bank
Deutsche Bank initiated Hollysys with a Buy and $25.80 price target.

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