Posted AT 2:15 PM EST on 05/11/09
Torstar downgraded to 'underperform' by Scotia Capital
The tail is wagging the dog at Torstar Corp. , and that's barking up the wrong tree for Scotia Capital analyst Paul Steep. Mr. Steep downgraded Torstar's stock to “underperform” from “sector perform” and lowered his profit forecasts, after the publishing company reported lower-than-expected third-quarter earnings and revenues.
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