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News Watch
- 2/9/2010 2:12:28 PM
By Chip Brian, SmarTrend Analytics Team
2/9/2010-Shares of Terremark Worldwide (NASDAQ:TMRK) are trading 16% lower to $6.54 Tuesday and earlier declined as much as 18%, the most intraday since November 2008, after the provider of computing services for the official U.S. Web site http://www.USA.gov was downgraded to "hold" from "buy" with an $8 price target at Jefferies & Co. based on valuation.
In addition, Jefferies & Co has reduced its EPS estimate for FY2011 from -$0.07 to -$0.18, now far below consensus estmates of -$0.04.
Contact Chip Brian
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