June 30, 2015 / 4:13 PM / in 2 years

BUZZ-Davidstea Inc: Brokerages lukewarm in initiations

** Canadian specialty tea retailer’s shares down 4.3 pct at $21.46

** Four brokerages initiate coverage with “neutral” or equivalent rating, William Blair starts with “outperform”

** BMO Capital Markets starts with price target of $21, below Monday’s close of $22.48, saying that the company was already trading higher than other “early-stage, high-growth companies” and above rivals like Teavana

** Earlier this month, Davidstea reported a loss in its first quarterly report as a public company

** Up to Monday’s close, stock had fallen nearly 17 pct since its debut on June 5

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below