Polypore (PPO) Bounces as Analysts Run to Defend the Stock

After getting slashed 30 percent on Tuesday on news a large customer will have a separator plant up and running soon, shares of Polypore International (NYSE: PPO) are rebounding nicely Wednesday as a number of analysts have come out to defend the stock.

Analysts at Needham said the LG Chem news will have minimal financial impact on the company as the material to be used is for IT/consumer electronic devices, not electric vehicle.

Others at BB&T, Stifel and Baird also defended the stock Wednesday, saying the sell-off was way overdone.

Wunderlich took the opposite side of the trade and initiated research coverage with a Sell rating and downside $30 price target.

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