Stifel Nicolaus Lowers Compass Diversified Holdings PT To $18.50 (CODI)

Stifel Nicolaus lowered its Compass Diversified Holdings (NYSE: CODI) price target from $20 to $18.50 in a research report published today.

In the report, Stifel Nicolaus states, " It was a messy quarter with an earnings miss and disappointing guidance for AFM and Tridien. The earnings disappointment and recent announcement of the CEO taking a leave of absence has pressured the stock down 17% in the past three weeks but we believe there is significant value in the shares at this level."

Shares of Compass Diversified Holdings closed Thursday at $15.05, reflecting no change from Wednesday's market close.