UPDATE: Piper Jaffray Downgrades Big 5 Sporting Goods Corporation on Multiple Negative Factors

In a report published Tuesday, Piper Jaffray analyst Sean P. Naughton downgraded the rating on Big 5 Sporting Goods Corporation (NASDAQ: BGFV ) from Overweight to Neutral, and lowered the price target from $25.00 to $17.00. In the report, Piper Jaffray noted, “We are downgrading shares of BGFV from Overweight