UPDATE: Ascendiant Capital Downgrades LeapFrog Enterprises on on Lower Consumer Demand for LeapPad 2 Power/Ultra
October 10, 2013 at 11:35 AM EDT
In a report published Thursday, Ascendiant Capital Markets analyst Edward Woo downgraded the rating on LeapFrog Enterprises (NYSE: LF ) from Buy to Neutral, and lowered the price target from $12.00 to $8.00. In the report, Ascendiant Capital Markets noted, “Based on our proprietary channel checks, we believe that LeapFrog's
