UPDATE 1-Broadpoint downgrades Fuel Systems, shares fall

Newswire

(Recasts; adds details, share movement) June 24 (Reuters) - Broadpoint Capital downgraded Fuel Systems Solutions Inc to "neutral" from "buy," citing the stock's strong run and a balanced risk-reward profile, sending the alternative fuel components maker's shares down as much as 11 percent. The stock has risen 181 percent since the company completed its financial restatements in mid-April, boosted by strong quarterly results, increased revenue forecast, visibility for future growth ...

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