Build-A-Bear (BBW) Sinks on Credit Suisse Downgrade
Shares of Build-A-Bear Workshop Inc. (NYSE: BBW) are down 10% this morning after Credit Suisse downgraded the stock from Outperform to Neutral.
The firm said the weak economy will hurt profit margins and they see a challenging Q2 due to the shift of the Easter holiday to the first quarter.
The firm cut their price target from $15 to $11.
Build-A-Bear Workshop, Inc. operates as a specialty retailer of plush animals and related products.
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