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Fly News Breaks for February 3, 2016
PSG
Feb 3, 2016 | 07:06 EDT
Wedbush analyst James Hardiman upgraded Performance Sports Group to Outperform and increased his price target to $9 from $8.50 on shares. Sports channel checks indicate a difficult but stable Hockey equipment market and solid trends in Lacrosse and Baseball, Hardiman said. He believes the company's "Q-collar" concussion technology could be a game-saving technology and single handedly double the value of shares and notes the street is assigning zero value to the opportunity. Additionally, the analyst believes the entry into Japan could be a catalysts for shares.
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