Cramer Calls MNTN 'Awful'—But Says To 'Pull The Trigger' On This 'Great Spec'
Cramer's negative view and Morgan Stanley's downgrade indicate investor concerns. Similar past downgrades have led to significant declines in stock price.
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Cramer's negative view and Morgan Stanley's downgrade indicate investor concerns. Similar past downgrades have led to significant declines in stock price.
What happened, with direct paths to the underlying reporting
Jim Cramer criticized MNTN as 'awful,' stressing the need for profitability. Morgan Stanley reduced MNTN's price target from $22.50 to $20.50. MNTN shares declined 2% to close at $11.70 during the session. MNTN has a market cap of $0.86 billion, affecting its competitive position.
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