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

November 15, 2012 7:21 AM EST Send to a Friend
Get Alerts TEA Hot Sheet
Price: $15.50 --0%

Rating Summary:
    1 Buy, 6 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 28 | New: 23
Trade TEA Now!
Join SI Premium – FREE
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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories


Related Entities

KeyBanc, Apax Partners

Add Your Comment