UPDATE: DA Davidson Downgrades Schiff Nutrition International to Neutral Post Acquisition

DA Davidson lowered its rating on Schiff Nutrition International

from Buy to Neutral. DA Davidson noted, "On October 30th Bayer HealthCare LLC announced its intention to buy Schiff for approximately $1.2 billion in an all cash deal, representing a purchase price of $34 per share. We raised our price target to $34 at that time. Please see our previous report for further details. Acquisition price reflected. We are downgrading shares of SHF to NEUTRAL from Buy based on the limited upside to our $34 price target." Schiff Nutrition International closed at $33.84 on Wednesday.