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UPDATE: DA Davidson Downgrades Schiff Nutrition International to Neutral Post Acquisition

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DA Davidson lowered its rating on Schiff Nutrition International (NYSE: SHF) from Buy to Neutral.

DA Davidson noted, "On October 30th Bayer HealthCare LLC announced its intention to buy Schiff for approximately $1.2 billion in an all cash deal, representing a purchase price of $34 per share. We raised our price target to $34 at that time. Please see our previous report for further details. Acquisition price reflected. We are downgrading shares of SHF to NEUTRAL from Buy based on the limited upside to our $34 price target."

Schiff Nutrition International closed at $33.84 on Wednesday.

Latest Ratings for SHF

DateFirmActionFromTo
Dec 2012DA DavidsonMaintainsNeutral
Nov 2012Imperial CapitalDowngradesOutperformIn-Line
Nov 2012DA DavidsonDowngradesBuyNeutral

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Posted-In: DA DavidsonAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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