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UPDATE: Wedbush Downgrades Heckmann Corporation to Underperform on End Market Weakness

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UPDATE: Wunderlich Initiates Heckmann with Hold on Constrained Near-Term Value
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Wedbush downgraded Heckmann Corporation (NYSE: HEK) from Neutral to Underperform and lowered the price target from $3.00 to $2.50.

Wedbush noted, "Based on recent channel checks and publicly available data, we believe the earnings outlook is weaker than anticipated. Valuations for the peer group reflect this unfavorable backdrop; and we believe HEK shares are likely to follow suit as earnings and valuation expectations are reduced."

Heckmann Corporation closed at $4.25 on Friday.

Latest Ratings for HEK

DateFirmActionFromTo
May 2013Global HunterDowngradesNeutralSell
Apr 2013WunderlichInitiates Coverage onHold
Feb 2013JefferiesDowngradesBuyHold

View More Analyst Ratings for HEK
View the Latest Analyst Ratings

Posted-In: WedbushAnalyst Color Downgrades Analyst Ratings

 

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