Outperform:
Our proprietary
valuation model in addition to the opinion of our analysts determine
the value of the stock should outperform the projected returns of the
benchmark index in the coming year on a risk-adjusted basis. The most
common benchmark used in our analysis is the Russell 2000 small cap
index. Our research concludes the stock is under priced.
Neutral:
Our
valuation model and analysis suggest that this stock will achieve
risk-adjusted results similar to that of the benchmark index. Our
research concludes the stock is fairly priced at current levels.
Underperform:
Our
valuation model and analysis suggest that this stock will achieve
risk-adjusted results below that of the benchmark index. Our research
concludes the stock is overpriced.
Speculative Buy:
While
our valuation model and analysis suggest the stock should outperform
the benchmark index on a risk-adjusted basis in the future, there is
too much uncertainty regarding the assumptions we make in our analysis.
This rating suggests the stock has the potential for significant gains
in the future, but may have considerable financial risks in the
immediate term.
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