Watson Wyatt shares plunge on downgrade

Courtesy Newsvine - business  Mon, 06/29/2009 - 14:22

Shares of Watson Wyatt Worldwide Inc. tumbled more than 7 percent in afternoon trading Monday after a Citi Investment Research analyst downgraded the stock to "Hold" from "Buy," citing short-term concerns about the management consulting firm's proposed combination with competitor Towers, Perrin, Forster & Crosby Inc.


 

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