BGB Securities Downgrades APAC Customer Services, Raises PT

BGB Securities downgraded its APAC Customer Services APAC rating from Hold to Buy and raised its AAC Customer Service price target from $7 to $8.55 in a research report published today. In the report, BGB Securities states, "We are lowering our rating to a Hold from a Buy and raising our price target to $8.55 from $7.00 after APAC announced last week the entering into an agreement to be bought by One Equity Partners, the private equity affiliate of JPMorgan Chase." Shares of APAC Customer Service were trading at $8.44 at the time of posting, up 0.06% from Friday's market close.