UPDATE: UBS Upgrades Buckeye Technologies (BKI) to Buy; Sell-off Created Opportunity
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Price: $37.28 +0.05%
Rating Summary:
4 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
4 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade BKI Now!
(Updated - June 4, 2012 10:36 AM EDT)
UBS upgraded Buckeye Technologies (NYSE: BKI) from Neutral to Buy with a price target of $36.00.
Analyst, Gail S. Glazerman, said, "Buckeye shares have sold off 27% from the late-January record-high. The S&P 500 is off only 11.5% over this period. BKI’s share price is essentially back to levels seen during the market sell-off last October. The S&P 500 is still 24% above Oct lows. While macro uncertainty has increased, we believe recent pressure in BKI shares is overdone and under-estimating the value in BKI’s business, internal restructuring/growth efforts and strength of its balance sheet."
For an analyst ratings summary and ratings history on Buckeye Technologies click here. For more ratings news on Buckeye Technologies click here.
Shares of Buckeye Technologies closed at $27.13 yesterday, with a 52 week range of $22.45-$38.50.
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UBS upgraded Buckeye Technologies (NYSE: BKI) from Neutral to Buy with a price target of $36.00.
Analyst, Gail S. Glazerman, said, "Buckeye shares have sold off 27% from the late-January record-high. The S&P 500 is off only 11.5% over this period. BKI’s share price is essentially back to levels seen during the market sell-off last October. The S&P 500 is still 24% above Oct lows. While macro uncertainty has increased, we believe recent pressure in BKI shares is overdone and under-estimating the value in BKI’s business, internal restructuring/growth efforts and strength of its balance sheet."
For an analyst ratings summary and ratings history on Buckeye Technologies click here. For more ratings news on Buckeye Technologies click here.
Shares of Buckeye Technologies closed at $27.13 yesterday, with a 52 week range of $22.45-$38.50.
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
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