Buckeye Technologies (NYSE:BKI) had a good run over the last week, soaring about 30 percent, which brought them a downgrade from UBS (NYSE:UBS), which said they see the good news is fully priced into the share.
UBS says, "The shares have rallied 30% this week alone and
are now within 4% of our recently-revised $28 price target. At this point we do not see justification to take our target higher and believe much of the near-term good news is already priced into the shares."
UBS downgraded Buckeye Technologies (BKI) from "Buy" to "Neutral." Buckeye closed Friday at $24.86, losing 2.11, or 7.82 percent. UBS has a price target of $28 on Buckeye.
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