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Stein Mart (SMRT) Shares Lower as Sidoti Downgrades to Neutral

July 11, 2012 11:59 AM EDT
Get Alerts SMRT Hot Sheet
Price: $2.68 -1.47%

Rating Summary:
    10 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Shares of Stein Mart Inc. (NASDAQ: SMRT) are under pressure Wednesday as an analyst at Sidoti downgraded the stock from Buy to Neutral this morning. A $9 price target was maintained.

The stock is down nearly 2.6 percent to $8.01 at last check. Despite the Neutral rating, the firm's price target implies potential upside of nearly 13 percent from where shares are currently trading.

For an analyst ratings summary and ratings history on Stein Mart Inc. click here. For more ratings news on Stein Mart Inc. click here.


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