DA Davidson Downgrades McCormick & Schmick's (MSSR) to Neutral; Being Acquired by Landry's
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Price: $8.76 --0%
Rating Summary:
0 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 3 | New: 2
Rating Summary:
0 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 3 | New: 2
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DA Davidson downgraded McCormick & Schmick's (NASDAQ: MSSR) to Neutral, price target raised from $8.50 to $8.75.
DA analyst said, "Tilman Fertitta’s Landry’s Inc. will commence a tender within ten days. MSSR’s Board and management feel the agreement provides a fair price at 6.7x trailing twelve-month EV/EBITDA...Our target is based on the pending deal to be acquired by Landry’s."
For an analyst ratings summary and ratings history on McCormick & Schmick's click here. For more ratings news on McCormick & Schmick's click here.
Shares of McCormick & Schmick's closed at $8.63 yesterday.
DA analyst said, "Tilman Fertitta’s Landry’s Inc. will commence a tender within ten days. MSSR’s Board and management feel the agreement provides a fair price at 6.7x trailing twelve-month EV/EBITDA...Our target is based on the pending deal to be acquired by Landry’s."
For an analyst ratings summary and ratings history on McCormick & Schmick's click here. For more ratings news on McCormick & Schmick's click here.
Shares of McCormick & Schmick's closed at $8.63 yesterday.
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