Wedbush Upgrades Blackhawk, Says Market Pricing in More Realistic Trajectory

Blackhawk Network Holdings (NASDAQ: HAWK ) was downgraded from Neutral to Underperform by Wedbush Friday morning. The firm maintains an $18 price target. Gil Luria, analyst at Wedbush, sees the 20 percent drop on Thursday as the market “pricing in more realistic trajectory” for organic growth of 14-18 percent. Luria's $18