Benchmark Downgrades Pep Boys - Manny, Moe & Jack (PBY) to Hold; Receives $15/Share Takeout Bid

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January 31, 2012 8:16 AM EST
Get Alerts PBY Hot Sheet
Price: $25.00 --0%

Rating Summary:
    3 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 6 | New: 26
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Benchmark downgraded Pep Boys - Manny, Moe & Jack (NYSE: PBY) to Hold, price target raised $1 to $15.00.

Benchmark analyst says, "Despite a low valuation, for a takeout, we have no reason to believe a competing offer will be made. Based on the fact that we believe the deal will go through at the $15 per share price, we have increased our price target to $15 per share. Given the limited upside to our price target, we are lowering our recommendation."

For an analyst ratings summary and ratings history on Pep Boys - Manny, Moe & Jack click here. For more ratings news on Pep Boys - Manny, Moe & Jack click here.

Shares of Pep Boys - Manny, Moe & Jack closed at $14.93 yesterday.

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