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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Fool contributor Matt Koppenheffer does not have a financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or Facebook.
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