Heckmann (HEK -11.2%) plunges after a downgrade to Underperform from Neutral at Wedbush, which...

|By:, SA News Editor

Heckmann (HEK -11.2%) plunges after a downgrade to Underperform from Neutral at Wedbush, which sees weaker than expected earnings based on recent channel checks. "Valuations for the peer group reflect this unfavorable backdrop, and we believe HEK shares are likely to follow suit as earnings and valuation expectations are reduced," the firm says.