Cowen & Company Initiates Quantum Fuel Systems With Market Perform

Cowen & Company initiated coverage on Quantum Fuel Systems Tech Worldwide Inc QTWW with a Market Perform rating. The target price for Quantum Fuel Systems is set to $3.25. Quantum Fuel Systems shares have dropped 56.59 percent over the past 52 weeks, while the S&P 500 index has surged 13.28 percent in the same period. Quantum Fuel Systems' shares fell 2.36 percent to close at $2.90 on Friday.