Standpoint Research Downgrades City Holding (CHCO) to Hold

Standpoint Research downgraded City Holding (NASDAQ: CHCO) from Buy to Hold.

The firm comments, "At Standpoint Research we usually will drop a name when the probability is low that the name will continue to rise and outperform the S&P-500 in the near-term.... We are downgrading CHCO at this time. At 13X earnings, with a 16.1% gain and + 1900 bps versus the S&P we can no longer leave our highest recommendation attached to this name.... Odds are that it will either decline from here (in a declining market) or underperform (in a rising market) as opposed to rising further and out-performing the S&P-500.

For an analyst ratings summary and ratings history on City Holding click here. For more ratings news on City Holding click here.

Shares of City Holding closed at $34.55 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Goldman Sachs Downgrades Bank Mandiri (BMRI:IJ) (PPERF) to Sell, 'Liquidity and capital tightness'
• TransUnion CFO Todd Cello to step down after 29 years
• Visa deposits $405M into U.S. litigation escrow, adjusting stock rates