Heckmann (HEK) -6.5% premarket after Global Hunter downgrades shares to Sell and cuts its target...

|By:, SA News Editor

Heckmann (HEK) -6.5% premarket after Global Hunter downgrades shares to Sell and cuts its target price to $2.50 from $3.50 following Q1 misses on the top and bottom lines. The firm says it can't assign a premium multiple any longer to a company that has proven it is in a highly cyclical business with considerable threats.