BGB Securities Lowers PT on StarTek to $8 (SRT)

BGB Securities is out with its report today on StarTek

, lowering its price target from $10 to $8. In a note to clients, BGB Securities writes, "We are reiterating our Buy rating but lowering our price target to $8 from $10 after AT&T announced its plans to purchase T-Mobile." Shares of SRT closed Friday at $5.10.