Standpoint Research Downgrades Spectrum Brands (SPB) to Hold; Taking Profits
Tweet Send to a FriendGet Alerts SPB Hot Sheet
Price: $58.78 +0.09%
Rating Summary:
1 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Rating Summary:
1 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Trade SPB Now!
Standpoint Research downgraded Spectrum Brands (NYSE: SPB) from Buy to Hold with a price target of $35.00.
Analyst, Ronnie Moas, said, "SPB shares are + 25.6% since our 31-October recommendation and + 1600 bps versus the S&P-500 even though it is a very low beta name; see line 30 below...We can no longer leave our highest rating attached to this name...our target remains $35 for 2012-2013 that would represent an all-time high...In this downgrade, we are disregarding the news from this past week regarding insider buying at the $29 level."
For an analyst ratings summary and ratings history on Spectrum Brands click here. For more ratings news on Spectrum Brands click here.
Shares of Spectrum Brands closed at $32.13 yesterday, with a 52 week range of $20.11-$36.38.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Ronnie Moas, said, "SPB shares are + 25.6% since our 31-October recommendation and + 1600 bps versus the S&P-500 even though it is a very low beta name; see line 30 below...We can no longer leave our highest rating attached to this name...our target remains $35 for 2012-2013 that would represent an all-time high...In this downgrade, we are disregarding the news from this past week regarding insider buying at the $29 level."
For an analyst ratings summary and ratings history on Spectrum Brands click here. For more ratings news on Spectrum Brands click here.
Shares of Spectrum Brands closed at $32.13 yesterday, with a 52 week range of $20.11-$36.38.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: UBS Downgrades Carnival (CCL) to Neutral; Worst May Not Be Behind
- Roth Capital Downgrades Acquity Group (AQ) to Neutral
- Macquarie Downgrades Deutsche Bank (DB) to Underperform
Create E-mail Alert Related Categories
DowngradesRelated Entities
Standard & Poor's, Standpoint Research
Login with Facebook
Sign 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!
