Jefferies Downgrades Winn-Dixie (WINN) to Hold
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Price: $34.05 --0%
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 9 | New: 6
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 9 | New: 6
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Jefferies downgraded Winn-Dixie (NASDAQ: WINN) from Buy to Hold with a price target of $9.50 following the acquisition of the company.
The firm comments, "We believe that shareholders will approve the merger given its steep premium to Friday’s close. At the same time, we do not believe that a competing bid is likely even though it appears that buyers are getting a decent deal, so we are downgrading to Hold (from Buy)."
For an analyst ratings summary and ratings history on Winn-Dixie click here. For more ratings news on Winn-Dixie click here.
Shares of Winn-Dixie closed at $9.24 yesterday.
The firm comments, "We believe that shareholders will approve the merger given its steep premium to Friday’s close. At the same time, we do not believe that a competing bid is likely even though it appears that buyers are getting a decent deal, so we are downgrading to Hold (from Buy)."
For an analyst ratings summary and ratings history on Winn-Dixie click here. For more ratings news on Winn-Dixie click here.
Shares of Winn-Dixie closed at $9.24 yesterday.
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