Market Overview

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

Share:
Related SHF
Baird Says Reported Shutterfly Offer Is 15% Too Low
US Stock Futures Up; Crude Oil Drops

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

View More Analyst Ratings for SHF
View the Latest Analyst Ratings

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

 

Related Articles (SHF)

View Comments and Join the Discussion!