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UPDATE: Deutsche Bank Downgrades Bazaarvoice to Hold on Lawsuit Uncertainty

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Analyst: Bazaarvoice Is 'Not As Bad As It Looks'

Deutsche Bank downgraded Bazaarvoice (NASDAQ: BV) from Buy to Hold and lowered the price target from $25.00 to $7.50.

Deutsche Bank noted, "The primary reason for our rating move is the near-term uncertainty of the DoJ lawsuit. The documents the DoJ filed with the court cited various internal communications between management that noted the PowerReviews acquisition would alleviate pricing pressure, lessen the need for a technological arms race, reduce existing competition and widen the competitive moat thereby reducing the possibility of new entrants. … We expect the lawsuit to be a multi-quarter overhang on the shares and fear execution distraction."

Bazaarvoice closed at $6.65 on Monday.

Latest Ratings for BV

DateFirmActionFromTo
Mar 2015Northland SecuritiesInitiates Coverage onOutperform
Mar 2015B RileyDowngradesBuyNeutral
Jan 2015Morgan StanleyUpgradesEqual-weightOverweight

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Posted-In: Deutsche BankAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

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