Boulder Brands (BDBD) Struggle To Generate Consistent Results; Imperial Capital Cuts Price Target

Janney Capital Downgrades Boulder Brands (BDBD) to Neutral

Janney Capital downgraded Boulder Brands (NASDAQ: BDBD) from Buy to Neutral with a price target of $7.00 (from $11.00).

For an analyst ratings summary and ratings history on Boulder Brands click here. For more ratings news on Boulder Brands click here.

Shares of Boulder Brands closed at $6.91 yesterday.

Market Wrap: Greece Downgraded as Talks Continue; MBA Mortgage Apps Rose; Nike Locks-up NBA Deal

Market wrap for June 10th

End of the Day: S&P 500 up 25.1 to 2,105.20; Dow Jones up 236.4 to 18,000.40; Nasdaq up 62.8 to 5,076.69

Market Brief: U.S. markets closed sharply higher Wednesday amid expectations that Greece and its creditors are nearing an agreement over a bailout extension. Notably, S&P downgraded Greece once again today, from 'CCC+' down to 'CCC.'

Tokio Marine Holdings moved to acquire HCC Insurance in a $7.5 billion deal.

Johnson Controls gained on news that the... More

Notable 52-Week Highs and Lows 6/10: (LLY) (JCI) (HRTX) High; (BDBD) (ZQK) (MHR) Low

52-Week High:Eli Lilly & Co. (NYSE: LLY) $83.49. Eli Lilly & Co. announced that detailed results of two pivotal Phase III studies for ixekizumab were published by The Lancet. The UNCOVER-2 and UNCOVER-3 clinical studies of more than 2,500 patients found ixekizumab to be statistically superior to etanercept and placebo on all measures of skin clearance. Patients treated with ixekizumab also demonstrated significant and meaningful improvements in... More

Unusual 11 Mid-Day Movers 6/10: (HCC) (AOI) (RCON) Higher; (GBIM) (SALT) (SHLD) Lower

HCC Insurance Holdings, Inc. (NYSE: HCC) 69.2% HIGHER; Tokio Marine Holdings, Inc. (TMHD) and HCC Insurance Holdings announced that they have entered into a definitive agreement under which TMHD will acquire all outstanding shares of HCC, a U.S. insurance holding company comprising property & casualty, accident & health and other specialty insurance businesses, for $78.00 in cash per share, through TMHD's wholly owned subsidiary, Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF). The acquisition price of $78.00 per share represents a 35.8% premium to HCC's average share price over the... More

Piper Jaffray Downgrades Boulder Brands (BDBD) to Neutral as CEO Resigns and Q2 Falls Short

Piper Jaffray downgraded Boulder Brands (NASDAQ: BDBD) from Overweight to Neutral with a price target of $7.00 (from $13.00) after the CEO resigned and Q2 fell short.

Analyst Sean Naughton commented, "This morning, Boulder Brands announced that CEO and Co-Founder resigned as well as... More

Pre-Open Stock Movers 06/10: (HCC) (CTIC) (HIMX) Higher; (BDBD) (ESPR) (FRAN) Lower (more...)

HCC Insurance Holdings, Inc. (NYSE: HCC) 36% HIGHER; Tokio Marine Holdings, Inc. (TMHD) and HCC Insurance Holdings, Inc. (HCC) (NYSE:... More

Boulder Brands (BDBD) CEO Resigns, Q2 Revenue Guidance Falls Short

Boulder Brands, Inc. (Nasdaq: BDBD) today announced that Steve Hughes has resigned as Chief Executive Officer and as a member of the Boulder Brands Board of Directors effective immediately. The Boulder Brands Board of Directors has appointed James B. Leighton, the Company's Chief Operating Officer, to serve as Interim CEO, effective immediately. Mr. Leighton has served as Chief Operating Officer since October 2013 and has been a member of the Boulder Brands Board of Directors since August 2007.

"On behalf of the Board and entire Boulder Brands team, I want to thank Steve for his... More