Wedbush warns on Jamba

|By:, SA News Editor

Wedbush reduces its rating on Jamba (JMBA) to Neutral from Outperform.

The investment firm thinks the company will see a negative impact from the widespread colder weather in the U.S. this winter and increase in competition in the smoothie market.

During Q3, Jamba saw same-store sales fall 3.4%.

JMBA -3.3% premarket.