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PLT

Plantronics

$51.96

0.64 (1.25%)

08:05
10/03/16
10/03
08:05
10/03/16
08:05

Plantronics announces Joe Burton officially transitioned to CEO

Plantronics announced that Joe Burton, the company's former Chief Commercial Officer, officially transitioned into the role of President and CEO effective October 2. Burton was also appointed to the company's board. Former President and CEO, Ken Kannappan, chose to resign from the board of directors effective October 2, although he will remain employed as Executive Vice Chairman reporting to Burton for one year and will thereafter serve as a consultant for an additional 18 months. The company previously announced Kannappan's plans to retire along with its intention that Burton assume the helm in a press release dated August 2, 2016.

PLT Plantronics
$51.96

0.64 (1.25%)

02/02/16
RAJA
02/02/16
DOWNGRADE
RAJA
Underperform
Plantronics downgraded to Underperform from Outperform at Raymond James
02/02/16
02/02/16
DOWNGRADE

Underperform
Plantronics downgraded to Underperform on increasing headwinds at Raymond James
As previously reported, Raymond James downgraded Plantronics to Underperform from Outperform. Analyst Tavis McCourt said Plantronics March guidance was below expectations and expects FX headwinds to continue into 2017. Additionally, the analyst said management feels the need to maintain overall spending levels in order to compete, causing 2017 earnings to be down unless the top line rebounds, creating another slowly decling tech hardware company.
02/02/16
02/02/16
DOWNGRADE

On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Agnico Eagle (AEM) downgraded to Hold from Buy at Desjardins... Alere (ALR) downgraded to Hold from Buy at Canaccord... Antero Resources (AR) downgraded to Reduce from Neutral at SunTrust... Carbylan (CBYL) downgraded to Market Perform from Outperform at Leerink... Copa Holdings (CPA) downgraded to Hold from Buy at Deutsche Bank... Dominion (D) downgraded to Neutral from Buy at Citi... Duke Energy (DUK) downgraded to Market Perform from Outperform at Wells Fargo... Hain Celestial (HAIN) downgraded to Neutral from Overweight at Piper Jaffray... Integrated Device (IDTI) downgraded to Neutral from Buy at BofA/Merrill... Logitech (LOGI) downgraded to Underweight from Equal Weight at Morgan Stanley... Merus Labs (MSLI) downgraded to Sector Perform from Outperform at Scotiabank... New Gold (NGD) downgraded to Sell from Buy at Desjardins... Nokia (NOK) downgraded to Underperform from Buy at CLSA... Plantronics (PLT) downgraded to Underperform from Outperform at Raymond James... Pool Corp. (POOL) downgraded to Equal Weight from Overweight at Stephens... Praxair (PX) downgraded to Sector Weight from Overweight at KeyBanc... Rofin-Sinar (RSTI) downgraded to Neutral from Buy at Longbow... Southwestern Energy (SWN) downgraded to Neutral from Overweight at JPMorgan... Stifel cuts Twitter (TWTR) to Sell after noting Yahoo has significantly more users... Superior Energy (SPN) downgraded to In-Line from Outperform at Imperial Capital... Sysco (SYY) downgraded to Underweight from Equal Weight at Morgan Stanley... Telenor (TELNY) downgraded to Underperform from Neutral at Credit Suisse... Twitter (TWTR) downgraded to Sell from Hold at Stifel... Valeo (VLEEY) downgraded to Underweight from Equal Weight at Morgan Stanley.
05/04/16
RAJA
05/04/16
UPGRADE
RAJA
Market Perform
Plantronics upgraded to Market Perform from Underperform at Raymond James
Raymond James analyst Tavis McCourt upgraded Plantronics to Market Perform citing improving international and consumer trends following the company's Q4 results.

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