Zacks Downgrades Black Diamond to Underperform (BDE)
Black Diamond (NYSE:BDE) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Tuesday, Analyst Ratings Network.com reports. They currently have a $9.20 target price on the stock. Zacks‘ target price would suggest a potential downside of 5.25% from the company’s current price.
Shares of Black Diamond (NYSE:BDE) traded up 3.40% on Tuesday, hitting $10.04. 119,600 shares of the company’s stock traded hands. Black Diamond has a 52-week low of $7.80 and a 52-week high of $15.15. The stock has a 50-day moving average of $12.16 and a 200-day moving average of $12.30. The company’s market cap is $325.5 million.
Separately, analysts at Needham & Company downgraded shares of Black Diamond from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 12th. They now have a $15.00 price target on the stock, down previously from $18.00. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $14.78.
Black Diamond, Inc (NYSE:BDE), formerly Clarus Corporation, is engaged in designing, manufacturing and marketing outdoor performance products for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities.
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