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Black Diamond Shares Downgraded At Stifel

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Benzinga's Top Upgrades, Downgrades For August 2, 2017
How Black Diamond (BDE) Stock Stands Out in a Strong Industry

In a report published Thursday, Stifel analysts downgraded Black Diamond Inc (NASDAQ: BDE) from Buy to Hold. The Board of Directors at Black Diamond has announced on March 17 that they were exploring various strategic alternatives for the company's three brands.

The current share price fully reflects any positive acquisition value that the company's brand portfolio might have, along with the NOLs and net cash position.

"We see upside to this value as unlikely and adequately balanced against some probability that divestitures don't materialize at a price agreeable to the Board of Directors and the stock becomes valued as a going concern at a discount to the current price," the analysts said.

Latest Ratings for BDE

DateFirmActionFromTo
Aug 2017Stifel NicolausUpgradesHoldBuy
Mar 2017Stifel NicolausDowngradesBuyHold
Aug 2016DA DavidsonUpgradesNeutralBuy

View More Analyst Ratings for BDE
View the Latest Analyst Ratings

Posted-In: StifelAnalyst Color Downgrades Analyst Ratings

 

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