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UPDATE: Stifel Nicolaus Downgrades Cott Corporation to Hold on Valuation, Topline Trends

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Stifel Nicolaus reduced its rating on Cott Corporation (NYSE: COT) from Buy to Hold and suspended its previous $10 price target.

Stifel Nicolaus commented, "Metrics continue to be attractive versus peers (e.g., 6.2x 2013E EBITDA), but the shares have performed well year-to-date, up 37.4%, versus a 12.1% increase for the S&P500. … 3Q produced disappointing revenues (e.g., North America volume down 11%, estimated down 2%), and scanner data across channels and for Wal-mart, Cott's largest customer (approximately 32% of revenue), shows more of the same so far in 4Q. … Insider activity since summer has been lopsided in favor of selling."

Cott Corporation closed at $8.60 on Monday.

Latest Ratings for COT

DateFirmActionFromTo
Nov 2014CitigroupMaintainsBuy
Oct 2014CitigroupMaintainsBuy
Oct 2014JefferiesMaintainsHold

View More Analyst Ratings for COT
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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