Imperial Capital Downgrades Bon-Ton Stores (BONT) to Underperform

Imperial Capital downgraded Bon-Ton Stores (NASDAQ: BONT) from In-Line to Underperform with a price target of $4.00 (from $6.00).

Analyst Mary Ross Gilbert notes the downgrade reflects "lower cash earnings generation compared to reported EBITDA. Furthermore, we believe average debt balances will climb this year, which also lowers equity value due to shareholders, in our opinion."

For an analyst ratings summary and ratings history on Bon-Ton Stores click here. For more ratings news on Bon-Ton Stores click here.

Shares of Bon-Ton Stores closed at $6.21 yesterday.

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