Johnson Rice Upgrades Collective Brands (PSS) to Equalweight

May 2, 2012 12:50 PM EDT
Get Alerts PSS Hot Sheet
Price: $21.72 --0%

Rating Summary:
    3 Buy, 2 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 12 | New: 1
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Johnson Rice upgraded Collective Brands (NYSE: PSS) shares from Overweight to Equalweight Wednesday morning. The move follows news of a $21.75/share in cash bid from Wolverine Worldwide, Blum Capital and Golden Gate Capital.

After gaining nearly 2 percent on Tuesday, the stock is continuing higher this afternoon. Collective shares last traded at $21.27, up 0.5 percent for the session.

For an analyst ratings summary and ratings history on Collective Brands click here. For more ratings news on Collective Brands click here.


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