Baird Cuts Volcom (VLCM) to Neutral Following PPR Deal

May 2, 2011 12:31 PM EDT
Get Alerts VLCM Hot Sheet
Price: $24.51 --0%

Rating Summary:
    0 Buy, 8 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 5 | Down: 11 | New: 27
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An analyst at Robert W. Baird just downgraded shares of Volcom (NASDAQ: VLCM) from Outperform to Neutral in an intraday research note. The firm maintains a $24 price target.

Volcom shares are up nearly 24 percent Monday following news the company will be acquired by PPR in a $607.5 million deal.

For more ratings news on Volcom click here and for the rating history of Volcom click here.


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