UPDATE: Stifel Nicolaus Downgrades SonoSite to Hold
Stifel Nicolaus lowers its rating on SonoSite (NASDAQ: SONO) to Hold from Buy to reflect tendering of the shares.
Stifel Nicolaus comments, "Fujifilm has announced the beginning of the company's tender offer for SonoSite. We are downgrading SONO shares to Hold. Our fair value is $54."
SONO closed at $53.89 per share yesterday.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.