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KeyBanc Downgrades Teavana Holdings (TEA) to Hold, Closure a "Virtual Certainty"

November 15, 2012 7:21 AM EST Send to a Friend
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Price: $15.50 --0%

Rating Summary:
    1 Buy, 6 Hold, 0 Sell

Rating Trend: = Flat

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KeyBanc downgraded Teavana Holdings (NYSE: TEA) from Buy to Hold following the takeover by Starbucks.

The analyst comments, "CEO Andrew Mack had approximately 56% ownership. This, coupled with the ownership of Apax Partners (about 16%), makes closure of the transaction a virtual certainty."

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

Shares of Teavana Holdings closed at $15.45 yesterday.




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