UPDATE: BMO Capital Markets Downgrades Harry Winston Diamond to Market Perform on Share Price Outperformance

In a report published Monday, BMO Capital Markets analyst Edward Sterck downgraded the rating on Harry Winston Diamond Corporation HWD from Outperform to Market Perform, and reiterated the $17.50 price target. In the report, Sterck noted, “BMO Research is downgrading Harry Winston to Market Perform from Outperform due to its share price outperformance, reaching its target price on intraday trading. The strong performance reflects the unlocking of value through the Ekati and Swatch transactions.” Harry Winston Diamond Corporation closed on Friday at $16.69.