Bell Microproducts "neutral," target price reduced

03/17/08 - Robert W. Baird

NEW YORK, March 17 (newratings.com) - Analysts at Robert W Baird maintain their "neutral" rating on Bell Microproducts Inc (BELM). The target price has been reduced from $7 to $3.

In a research note published this morning, the analysts mention that stock multiples in the industry have fallen recently on account of weakness in the macroeconomic outlook. NASDAQ has announced that it would delist Bell Microproducts if the company fails the SEC document filing before March 17, the analysts say. Bell Microproducts has been missing several document filing deadlines, Robert W Baird adds.