Spartan Motors (SPAR) Shares Tick Higher as Dougherty Upgrades to Buy

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May 2, 2012 12:34 PM EDT
Get Alerts SPAR Hot Sheet
Price: $17.08 --0%

Rating Summary:
    3 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 11 | New: 19
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Dougherty & Co upgraded Spartan Motors (NASDAQ: SPAR) shares from Neutral to Buy in an intraday research note. The price target was raised from $5 to $6.50.

The raised investment rating follows Q1 results from the company on Tuesday and the resulting 13 percent surge in the stock.

While investors are taking some profits this afternoon, the stock just ticked higher following the Dougherty upgrade. Shares are now down 3.9 percent to $4.73.

For an analyst ratings summary and ratings history on Spartan Motors click here. For more ratings news on Spartan Motors click here.

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