Benchmark Downgrades Valassis Communications (VCI) to Hold

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Benchmark downgraded Valassis Communications (NYSE: VCI) from Buy to Hold with a price target of $30.00 (from $32.00) on shared mail concerns.

"A slowdown in Shared Mail revenues led to lower than expected 4Q12 EPS of $0.85
for Valassis (VCI) vs. our $0.90 estimate and consensus at $0.95. Shared Mail may
remain weak well into 2013 reflecting slow economic growth and continued
weakness in the retail environment."

The firm cut their 2013 EPS forecast to $3.47 from $3.53.

For an analyst ratings summary and ratings history on Valassis Communications click here. For more ratings news on Valassis Communications click here.

Shares of Valassis Communications closed at $27.12 yesterday, with a 52 week range of $18.70-$31.34.

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