SAN FRANCISCO, CA — (Marketwired) — 08/29/13 — announced today that it has updated coverage on (NASDAQ: PSIX) (“The Company,” or “PSIX”); and raised its twelve month price target from $37.50 to $60.00. Ross Silver, Principal Analyst at Vista Partners, stated, “The robust secular trend to alternative-fuel power systems in industrial markets, along with PSIX–s comprehensive product line, seemingly positions them for future growth.” Mr. Silver continues, “On their second quarter earnings conference call, PSIX maintained its outlook for sales growth for 2013 and 2014. Sales in 2013 are targeted to be in a range of $225 to $235 million. Sales in 2014 are targeted to be in a range of $310 to $330 million.”
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Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm–s professional staff has backgrounds in finance, corporate communications and investment banking.
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