KeyBanc Downgrades LeapFrog (LF) to Hold, Cites Valuation

May 4, 2012 1:16 PM EDT
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Price: $1.00 --0%

Rating Summary:
    2 Buy, 10 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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An analyst at KeyBanc just downgraded LeapFrog (NYSE: LF) from Buy to Hold in a mid-day note Friday. Shares are up more than 11 percent Friday following Q1 results and strong FY12 guidance.

The analyst cited valuation. "While we continue to believe LF has solid long-term growth opportunities, specifically in the way of additional content that creates a more differentiated position, we currently believe a significant portion of these potential improvements are contemplated in the current valuation, particularly as comparisons begin to get more difficult in 2H12."

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

Shares of LeapFrog closed at $8.98 Thursday.

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