Dougherty Cuts AboveNet (ABVT) to Sell Amid Zayo's $84/Share Bid
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Price: $84.00 --0%
Rating Summary:
0 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 7
Rating Summary:
0 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 7
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Dougherty & Co downgraded shares of AboveNet (NYSE: ABVT) from Buy to Sell Monday morning following Zayo's $84/share bid for the company. AboveNet shares last traded at $83.99, up about 13 percent from Friday's closing price.
The firm believes Zayo's bid for the company represents a fair valuation, and does not see higher offers coming in.
For an analyst ratings summary and ratings history on AboveNet click here. For more ratings news on AboveNet click here.
The firm believes Zayo's bid for the company represents a fair valuation, and does not see higher offers coming in.
For an analyst ratings summary and ratings history on AboveNet click here. For more ratings news on AboveNet click here.
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