Caesarstone Sdot-Yam (CSTE) Misses Q3 EPS by 17c, Sales Beat

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Go back to Caesarstone Sdot-Yam (CSTE) Misses Q3 EPS by 17c, Sales Beat

JPMorgan Downgrades CaesarStone Sdot-Yam (CSTE) to Underweight

November 2, 2017 4:39 AM EDT

JPMorgan downgraded CaesarStone Sdot-Yam (NASDAQ: CSTE) from Neutral to Underweight with a price target of $25.00 (from $35.00).

Analyst Michael Rehaut expects the company's competitive backdrop to increase and thus limiting opportunities for earnings growth and sees gross margin downside likely over time. The... More