StarTek 9% on Revenue Decline, Downgrade by CSFB
StarTek (SRT Quote) was down 9.1% in late morning after hitting a 52-week low of $18.69.
Credit Suisse First Boston lowered it to strong buy from buy and cut its 12-month target to $48 from $78. StarTek, a Web site management company, edged analysts' third-quarter earnings estimates by 1 cent but reported a decline in revenue.- Loading Comments...
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