Roth Cuts SkyPeople Fruit Juice (SPU) to Neutral Following Q4 Results
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Price: $2.18 +2.83%
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade SPU Now!
Shares of SkyPeople Fruit Juice (NASDAQ: SPU) are falling in late-session trading Friday as an analyst at Roth Capital just downgraded the stock from Buy to Neutral and also cut the price target from $13 to $4.50.
The downgrade follows fourth-quarter results from SkyPeople Thursday night.
With shares of SkyPeople down 6.8 percent to $4.11 at last check, Roth's new price target suggests potential upside of about 9 percent.
For more ratings news on SkyPeople Fruit Juice click here and for the rating history of SkyPeople Fruit Juice click here.
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The downgrade follows fourth-quarter results from SkyPeople Thursday night.
With shares of SkyPeople down 6.8 percent to $4.11 at last check, Roth's new price target suggests potential upside of about 9 percent.
For more ratings news on SkyPeople Fruit Juice click here and for the rating history of SkyPeople Fruit Juice click here.
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SPU downgrade
dws on Apr 1, 2011 08:02 PMMark as Spam | Reply to this comment
Dropping from $13. to $4.5 on a stock that traded between $6 and $7 last year seems a little extreme.Who set the target at $13 in the first place?