Coinstar sell-off overdone, says Northland Securities Northland Securities thinks that a decline in Coinstar's (CSTR) stock yesterday based on an article indicating that Flextronics (FLEX) will be closing a Redbox kiosk manufacturing plant is overdone. After speaking with Coinstar's management, Northland reports that Coinstar had previously planned to slow its expansion of Redbox kiosks in FY13. The firm maintains an Outperform rating on Coinstar.
News For CSTR;FLEX From The Last 14 Days
Check below for free stories on CSTR;FLEX the last two weeks.
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: AT&T (T) downgraded to Neutral from Overweight at JPMorgan... Bank of Kentucky (BKYF) downgraded to Neutral from Outperform at RW Baird... ChemoCentryx (CCXI) downgraded to Neutral from Buy at Citigroup... Citigroup (C) downgraded to Neutral from Conviction Buy at Goldman... eBay (EBAY) downgraded to Equal Weight from Overweight at Evercore... Flextronics (FLEX) downgraded to Sell from Neutral at Goldman... Old Line Bancshares (OLBK) downgraded to Neutral from Outperform at RW Baird... Fidus Investment (FDUS) downgraded to Perform from Outperform at Oppenheimer... New York Community Bancorp (NYCB) downgraded to Neutral from Buy at Guggenheim... El Paso Pipeline (EPB) downgraded to Trim from Hold at Tudor Pickering... Signature Bank (SBNY) downgraded to Neutral from Buy at Guggenheim... SunTrust (STI) downgraded at Morgan Stanley... Accenture (ACN) downgraded to Equal Weight from Overweight at Morgan Stanley... NetApp (NTAP) downgraded to Equal Weight from Overweight at Morgan Stanley... Teradata (TDC) downgraded to Underweight from Equal Weight at Morgan Stanley.