Robert W. Baird & Co.’s Equity Research Department upgraded its short-term investment rating on Damark International Inc.’s equity to “Market Out-Perform.” It had been “Market Perform.”
The upgrade follows an earlier boost in ratings. Baird also upgraded Damark from Market Perform to Market Out-Perform in long-term ratings. Damark equity was found suitable for investors willing to assume higher risks.
Baird, based in Milwaukee, WI, has a three tier rating system for equity: Market Under-Perform; Market Perform; and Market Out-Perform. Damark is based in Minneapolis.
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