Shares of DG FastChannel (DGIT -12.2%) take a pounding after Piper Jaffray takes its rating down...

|By:, SA News Editor

Shares of DG FastChannel (DGIT -12.2%) take a pounding after Piper Jaffray takes its rating down to Underperform from Neutral with a lowly price target of $11. DG was hit last week with an earnings disappointment and CEO shakeup, contributing to a loss of 30% from its share price over the last 5 trading sessions.