UPDATE: DA Davidson Downgrades Schiff Nutrition International to Neutral Post Acquisition
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
|Dec 2012||DA Davidson||Maintains||Neutral|
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