A123: Pacific Crest Upgrades; $12.00 Target (AONE)

The IPO was at $13.50.
From Tech Trader Daily:

A123 (AONE) shares are getting a lift this morning from Pacific Crest analyst Ben Schuman, who this morning raised his rating on the battery maker’s stock to Outperform from Sector Perform, setting a $12 price target on the stock.

“We believe it is time for investors to step in front of an increasing policy focus on electrified transportation in the wake of the Gulf oil spill and increased enthusiasm around [electric vehicles] coinciding with successful new product launches,” he writes in a research note....MORE

Be careful with any publicly traded company that has a "burn-rate".
The stock's at $9 even, up 5%.