Piper Jaffray Cuts Arena Pharma (ARNA) to Neutral

March 28, 2012 7:12 AM EDT
Get Alerts ARNA Hot Sheet
Price: $99.98 --0%

Rating Summary:
    10 Buy, 13 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 26 | New: 46
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Piper Jaffray's Edward Tenthoff downgraded shares of Arena Pharma (NASDAQ: ARNA) from Overweight to Neutral Wednesday morning. The analyst maintained a $2.50 price target.

The stock is down more than 4.5 percent in pre-market action. Shares last traded at $3.11.

For an analyst ratings summary and ratings history on Arena Pharma click here. For more ratings news on Arena Pharma click here.


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