Jefferies Downgrades Brightpoint (CELL) to Hold
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Price: $9.91 +1.75%
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Jefferies downgraded Brightpoint (NASDAQ: CELL) from Buy to Hold with a price target of $11 (down from $12).
The firm said they see see risk/reward as more balanced especially in light of the stock's outperformance, an uncertain macro environment, and exposure to RIM (Nasdaq: RIMM), MMI (NYSE: MMI), Nokia (NYSE: NOK), and others likely share losers.
For more ratings news on Brightpoint click here and for the rating history of Brightpoint click here.
Shares of Brightpoint closed at $9.91 yesterday.
The firm said they see see risk/reward as more balanced especially in light of the stock's outperformance, an uncertain macro environment, and exposure to RIM (Nasdaq: RIMM), MMI (NYSE: MMI), Nokia (NYSE: NOK), and others likely share losers.
For more ratings news on Brightpoint click here and for the rating history of Brightpoint click here.
Shares of Brightpoint closed at $9.91 yesterday.
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