Wunderlich Securities Downgrades Performance Sports Group (PSG) to Hold
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Go back to Wunderlich Securities Downgrades Performance Sports Group (PSG) to Hold
March 9, 2016 7:56 AM EST
Wedbush maintained an Outperform rating on Performance Sports Group (NYSE: PSG), and cut the price target to $5.00 (from $9.00), following the company's 3Q pre-announcement. Management cut its FY16 EPS guidance by ~$0.55, from a range of $0.66-$0.69 to just $0.12-$0.14. The reduced guidance primarily stems... More
March 8, 2016 9:59 AM EST
GMP Securities downgraded Performance Sports Group (NYSE: PSG) from Buy to Hold with a price target of $8.00.
For an analyst ratings summary and ratings history on Performance Sports Group click here. For more ratings news on Performance Sports Group click here.
Shares of Performance Sports Group closed at $8.66 yesterday.
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March 8, 2016 7:28 AM EST
Performance Sports Group Ltd. (NYSE: PSG) has revised its outlook for its 2016 fiscal year and reported preliminary results for its fiscal third quarter ended February 29, 2016. All figures are in U.S. dollars. Certain metrics, including those expressed on an adjusted and/or constant currency basis, are non-GAAP financial measures (see "Non-GAAP Financial Measures" below). All figures exclude the accounting gain the Company expects to record in the third quarter of fiscal 2016 associated with its acquisition of Easton Hockey in January 2016.
The Company has reduced its fiscal year 2016 Adjusted EPS guidance by approximately $0.55 per diluted... More
