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Wedbush Cuts Kid Brands (KID) to Neutral Amid Today's 25% Sell-Off

March 15, 2011 12:38 PM EDT
Get Alerts KID Hot Sheet
Price: $0.36 --0%

Rating Summary:
    2 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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An analyst at Wedbush has just downgraded shares of Kid Brands (NYSE: KID) from Outperform to Neutral. The firm's price target on the stock was also cut from $12 to $7.

Shares of Kid Brands are down a very sharp 25% today following a management change this morning. The company announced that the president of a subsidiary, LaJobi, Larry Bivona, was terminated. Rick Schaub will replace Bivona.

For more ratings news on Kid Brands click here and for the rating history of Kid Brands click here.


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