Canaccord Genuity Downgrades PFSweb Inc (PFSW) to Hold
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Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 17 | New: 33
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Canaccord Genuity downgraded PFSweb Inc (NASDAQ: PFSW) from Buy to Hold with a price target of $9.00 (from $12.00).
Analyst Michael Graham is incrementally more cautious noting projected decline in Q4 revenues and a slightly more difficult environment for winning new customers. The analyst decides to step aside until signs of stability re-emerge.
For an analyst ratings summary and ratings history on PFSweb Inc click here. For more ratings news on PFSweb Inc click here.
Shares of PFSweb Inc closed at $7.90 yesterday.
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