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Monday, Mar 5
2012, 10:19 AM
Just 2 weeks after issuing positive comments about the company, BMO is downgrading Build-A-Bear...
Just 2 weeks after issuing positive comments about the company, BMO is downgrading Build-A-Bear Workshop (BBW -3.2%) to Market Perform, and sending shares lower in the process. BMO says it has lost confidence in management's ability to execute a turnaround, following Build-A-Bear's Q4 miss, and is unsure if announced restructuring plans will generate sufficient returns for shareholders.