Ceradyne (CRDN) Shares Nosedive Following DA Davidson Downgrade

Shares of Ceradyne (NASDAQ: CRDN) are sinking midday Monday following a downgrade from DA Davidson's Avinash Kant. After trading in positive territory throughout the morning session, shares are now down 2.5 percent to $31.87.

The analyst now rates Ceradyne shares a Neutral, down from Buy previously. The firm's price target was lowered from $41 to $36.

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

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