Roth Capital Downgrades Clean Diesel Technologies (CDTI) to Neutral

Roth Capital downgraded Clean Diesel Technologies (NASDAQ: CDTI) from Buy to Neutral with a price target of $1.50.

Analyst Matt Koranda commented, "We believe the materials science approach highlighted by new CEO Matthew Beale is the right long-term strategy for CDTI. However, with limited visibility into new streams of catalyst revenue, >$24mn/year of Honda revenue sun-setting in H2’17, and $3.0mn of cash remaining, we are moving to the sidelines. We look to become more constructive with greater visibility into powder-to-coat wins and long-term profitability. Downgrading to Neutral and PT to $1.50."

For an analyst ratings summary and ratings history on Clean Diesel Technologies click here. For more ratings news on Clean Diesel Technologies click here.

Shares of Clean Diesel Technologies closed at $1.56 yesterday.

You May Also Be Interested In

• BofA Securities Downgrades Principal Financial Group (PFG) to Underperform
• Goldman Sachs Downgrades Inspur Electronic Information Industry Co Ltd (000977:CH) to Sell
• Raymond James Downgrades V2X, Inc. (VVX) to Market Perform