UPDATE: Bank of America Downgrades Digital River to Underperform Following Q1 Revenue/EPS
May 03, 2013 at 10:25 AM EDT
In a report published Friday, Bank of America analyst Nat Schindler downgraded the rating on Digital River (NASDAQ: DRIV ) from Buy to Underperform, and lowered the price target from $16.00 to $13.00. In the report, Schindler noted, “Digital River reported Q1 revenue/non-GAAP EPS of $113.7mn/$0.33, well above Street at
