Will This Downgrade Hurt Blackhawk Network (HAWK) Stock Today? (Update)

Update (9:35 a.m.): Updated with Friday market open information.

NEW YORK (TheStreet) -- Piper Jaffray downgraded Blackhawk Network  (HAWK) to "neutral" from "overweight" and set a $26 target price. The firm noted the company faces growth headwinds. 

The stock was down 4 to $24.98 at 9:34 a.m. on Friday.

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HAWK Chart

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