Jefferies & Co Downgrades Jacuzzi Brands (JJZ) to Hold
JJZ Hot Sheet
Rating Summary:0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Jefferies & Co downgrades Jacuzzi Brands (NYSE: JJZ) from Buy to Hold. Price target $12.50.
Jefferies analyst, Robert J. Schenosky, says, "We are downgrading shares of JJZ to Hold as the shares are slightly above our target price reflecting the merger announcement with Apollo. Our conservative take-out value was $12 per share. The initial value of the agreement is $12.50 per share. We believe there may be some upside to the price, but not necessarily meaningful enough to maintain our Buy rating."
Jefferies analyst, Robert J. Schenosky, says, "We are downgrading shares of JJZ to Hold as the shares are slightly above our target price reflecting the merger announcement with Apollo. Our conservative take-out value was $12 per share. The initial value of the agreement is $12.50 per share. We believe there may be some upside to the price, but not necessarily meaningful enough to maintain our Buy rating."
You May Also Be Interested In
- UPDATE: UBS Downgrades Wisconsin Energy (WEC) to Neutral; Taking Some Off The Table
- Goldman Sachs Downgrades Raytheon (RTN) to Sell; Risk To Back-End Loaded 2012
- UPDATE: Williams Financial Group Upgrades Semtech Corp. (SMTC) to Buy; Check Again...Quarter Was Fairly Strong
Create E-mail Alert Related Categories
DowngradesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
