Piper Jaffray Downgrades Ignite Restaurant Group To Neutral

Analysts at Piper Jaffray downgraded Ignite Restaurant Group IRG from Overweight to Neutral. The target price for Ignite Restaurant Group has been lowered from $14.00 to $8.00. Ignite Restaurant Group shares have dropped 49.44% over the past 52 weeks, while the S&P 500 index has gained 18.08% in the same period. Ignite Restaurant Group's shares dropped 2.05% to close at $8.13 yesterday.