Jefferies Downgrades Headwaters (HW) to Hold Pending Takeover
Get Alerts HW Hot Sheet
Rating Summary:
3 Buy, 6 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
Join SI Premium – FREE
Jefferies downgraded Headwaters (NYSE: HW) from Buy to Hold with a price target of $24.25 amid takeout.
Analyst Philip Ng commented, "We are Downgrading HW to Hold after the announcement that the company will be acquired by Boral (BLD-AU) for $24.25 per share, which is currently reflected in the share price, and we believe a superior offer is unlikely. The stock will likely be range bound until the deal closes in 2H17, with the biggest risk being anti-trust."
For an analyst ratings summary and ratings history on Headwaters click here. For more ratings news on Headwaters click here.
Shares of Headwaters closed at $23.57 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Evercore ISI Downgrades SunPower (SPWR) to In Line
- KeyBanc Downgrades Sunnova (NOVA) to Sector Weight
- Lake Street Capital Markets Starts Research Solutions Inc. (RSSS) at Buy
Create E-mail Alert Related Categories
Analyst Comments, DowngradesRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!