KeyBanc Downgrades Teavana Holdings (TEA) to Hold, Closure a "Virtual Certainty"
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Price: $15.50 --0%
Rating Summary:
1 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 32
Rating Summary:
1 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 32
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KeyBanc downgraded Teavana Holdings (NYSE: TEA) from Buy to Hold following the takeover by Starbucks.
The analyst comments, "CEO Andrew Mack had approximately 56% ownership. This, coupled with the ownership of Apax Partners (about 16%), makes closure of the transaction a virtual certainty."
For an analyst ratings summary and ratings history on Teavana Holdings click here. For more ratings news on Teavana Holdings click here.
Shares of Teavana Holdings closed at $15.45 yesterday.
The analyst comments, "CEO Andrew Mack had approximately 56% ownership. This, coupled with the ownership of Apax Partners (about 16%), makes closure of the transaction a virtual certainty."
For an analyst ratings summary and ratings history on Teavana Holdings click here. For more ratings news on Teavana Holdings click here.
Shares of Teavana Holdings closed at $15.45 yesterday.
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