Dougherty Cuts Dynavox (DVOX) to Neutral Amid Q3 Results, Suspended Guidance

May 15, 2012 12:00 PM EDT Send to a Friend
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Price: $0.20 --0%

Rating Summary:
    1 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 29 | Down: 45 | New: 4
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Dougherty & Co downgraded Dynavox (NASDAQ: DVOX) shares Tuesday morning following the company's Q3 results and suspended guidance after the market close on Monday. The analyst now rates the stock a Neutral, down from Buy previously. The price target was slashed from $6 to $2.25.

The firm said, "The key issue for investors is there is no indication of pending improvement in the company's end markets, and we know from experience that this may last for some time." Dougherty will be "looking for evidence of stability in the DVOX business before we recommend investors put their toe back in the water."

Dynavox shares are down more than 25 percent at last check. The stock last traded at $1.64.

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


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