Raymond James re-initiated coverage of Compass Diversified (CODI) with a Market Perform rating and no price target following the company’s recent restatement of financials due to accounting unreliability within the Lugano subsidiary. The firm, which believes there “remains much work to be done” as the company completes divestitures and gets back in good standing with its credit agreements, will look to see progress in the next few quarters.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CODI:
- Compass Diversified Balances Growth With Leverage Risks
- Compass Diversified price target lowered to $8 from $13 at B. Riley
- Compass Diversified Expands Board With Two New Directors
- Compass Diversified announces changes to its Board of Directors
- Compass Diversified Warns SEC and DOJ Probes Over Lugano Restatements Could Drag On, Hitting Earnings, Liquidity and Valuation