LeapFrog Enterprises (LF) Misses Q2 EPS by 2c; Guides Lower

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Piper Jaffray Downgrades LeapFrog (LF) to Neutral; Concerns Resurface

November 4, 2014 6:50 AM EST

Piper Jaffray downgraded LeapFrog (NYSE: LF) from Overweight to Neutral with a price target of $5.50 (from $8.50) following weak Q2 results and outlook.

Analyst Stephanie Wissink comments, "Our thesis continues to break down, resulting in limited confidence in any base point in shares.... More