Black Diamond to appoint VP of Finance Aaron Kuehne to interim CFO Black Diamond is expected to appoint Aaron Kuehne to interim CFO, effective March 15, serving as the company's principal financial officer and principal accounting officer. Kuehne, the company's current vice president of finance, will succeed Robert Peay, who has tendered his resignation from the position to pursue personal interests effective as of March 15. Peay plans to remain involved with the company on a part-time basis through the end of 2013.
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: AGCO (AGCO) downgraded to Underweight from Neutral at JPMorgan... Alcatel-Lucent (ALU) downgraded to Buy from Conviction Buy at Goldman... Anglo American (AAUKY) downgraded to Sell from Neutral at Goldman... BAE Systems (BAESY) downgraded to Neutral from Buy at UBS... BHP Billiton (BHP) downgraded to Neutral from Conviction Buy at Goldman... Black Diamond (BDE) downgraded on valuation at Stifel... Boston Private Financial (BPFH) downgraded to Hold from Buy at Sandler O'Neill... Columbus McKinnon (CMCO) downgraded to Neutral from Buy at CL King... CoreSite Realty (COR) downgraded to Hold from Buy at Evercore ISI... Meggitt (MEGGF) downgraded to Sell from Neutral at UBS... Methanex (MEOH) downgraded to Sector Perform from Outperform at Scotia Capital... Nokia (NOK) downgraded to Neutral from Buy at Citigroup... SanDisk (SNDK) downgraded to Sell from Neutral at BTIG... Thomson Reuters (TRI) downgraded to Sector Perform from Outperform at RBC Capital... Turquoise Hill (TRQ) downgraded to Hold from Speculative Buy at TD Securities... Washington Federal (WAFD) downgraded to Neutral from Buy at DA Davidson.
Black Diamond downgraded on valuation at Stifel As noted earlier, Stifel downgraded Black Diamond to Hold from Buy. The firm downgraded the stock on valuation, as it believes that the shares fully reflect an optimistic takeover price for the company after it said it would explore strategic alternatives.