UPDATE: Credit Suisse Initiates Exide Industries at Outperform

Credit Suisse has published a research report on Exide Industries (NASDAQ:

) and has initiated coverage on the company with an Outperform rating. In the report, Credit Suisse writes, "Given the higher share of unorganised players in the high-margin replacement segment, Exide should benefit greatly from a shift towards organised players. Key drivers are: (1) more technologically advanced vehicles demanding higher-quality batteries; (2) higher collection of batteries by organised players, starving the unorganised ones of their key raw material components" Exide Industries is currently trading down $0.07 from yesterday's $2.60 closing price.