BUDAPEST: ARC Group Worldwide Inc. (NASDAQ:ARCW) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday. The firm presently has a $4.50 price objective on the stock. Zacks Investment Research’s price objective points to a potential upside of 7.14% from the company’s current price.
According to Zacks, “ARC Group Worldwide, Inc. is a diversified manufacturing holding company with operations in Colorado, Florida, Pennsylvania, Texas, Minnesota, China and Hungary. It provides wireless network component and wireless network solutions. The Company designs and develops hardware, including antennas, radios, and related accessories, used in broadband and other wireless networks. It supplies its products to public and private carriers, wireless infrastructure providers, wireless equipment distributors, value added resellers and other original equipment manufacturers. ARC Group Worldwide, Inc., formerly known as ARC Wireless Solutions Inc., is based in Denver, Colorado. “
ARCW has been the subject of a number of other reports. Imperial Capital increased their price objective on shares of ARC Group Worldwide from $3.00 to $4.00 and gave the company an “in-line” rating in a report on Tuesday, September 27th. Brean Capital reaffirmed a “buy” rating and set a $7.00 price objective on shares of ARC Group Worldwide in a report on Monday, September 12th.
