Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of satellite-imagery expert DigitalGlobe
So what: Analysts at Wall Street firm Dougherty & Co. may have a bullish buy rating on DigitalGlobe shares, but it looks like they helped drive today's less-than-bullish action. Dougherty left the buy rating in place, but dropped its price target on DigitalGlobe's shares nearly 40%, from $38 to $23.
Now what: DigitalGlobe and competitor GeoEye
That said, this is just the view of a single research firm, so investors need to take it with a grain of salt. While it could be a great reason for current investors to revisit their own assumptions and price targets, the price-target revision by itself is probably a bad reason to sell.
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