Calamos Asset Management (CLMS) Shares Tumble as BofA Cuts to Underperform

An analyst at BofA/Merrill Lynch issued an intraday downgrade on shares of Calamos Asset Management (NASDAQ: CLMS) Friday. The firm now rates the stock an Underperform, down from Neutral previously. A price target of $12 represents potential downside of about 9.5 percent from where the stock is currently trading.

For an analyst ratings summary and ratings history on Calamos Asset Management click here. For more ratings news on Calamos Asset Management click here.

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Merrill Lynch, Bank of America

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