Goldman Sachs Downgrades Higher One (ONE) to Neutral On Reduced Visibility
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Price: $3,417.30 --0%
Rating Summary:
5 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs downgraded Higher One (NYSE: ONE) from Buy to Neutral with a price target of $15 citing reduced near-term visibility.
"Given management’s commentary of weaker near-term visibility, we see downside risks to management’s 2012 outlook, with the “waterfall” build of the model now also expected to weigh on our 2013-2014 outlook."
The firm reduced 2012-2014 EPS to $0.83/$0.98/$1.14.
For an analyst ratings summary and ratings history on Higher One click here. For more ratings news on Higher One click here.
Shares of Higher One closed at $15.12 yesterday.
"Given management’s commentary of weaker near-term visibility, we see downside risks to management’s 2012 outlook, with the “waterfall” build of the model now also expected to weigh on our 2013-2014 outlook."
The firm reduced 2012-2014 EPS to $0.83/$0.98/$1.14.
For an analyst ratings summary and ratings history on Higher One click here. For more ratings news on Higher One click here.
Shares of Higher One closed at $15.12 yesterday.
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