As previously reported, DA Davidson analyst Linda Bolton Weiser downgraded CSS Industries to Neutral from Buy and lowered her price target to $8 from $19. The analyst cites the company's worse than expected Q3 results reported yesterday, driven by the "declines in the Gift and Craft base businesses as replenishment orders from retailers failed to materialize". Weiser further warns that while CSS Industries is investing more focus on developing its e-commerce capabilities, she is concerned that the ramp may not be "fast enough to offset secular decline in the company's sales to brick-and-mortar retailers."