QUAD GRAPHICS (QUAD) Downgraded by Zacks to UNDERPERFORM

Zacks Zacks Investment Research downgraded shares of QUAD GRAPHICS (QUAD) from NEUTRAL to UNDERPERFORM on September 03, 2012, with a target price of $17.40.

Quad Graphics, Inc. is a provider of print and related multichannel solutions for consumer magazines, special interest publications, catalogs, retail inserts and circulars, direct mail products, books and directories. Its print-related services comprise digital photography, digital imaging, binding, mailing and distribution, and data optimization and analytics services. The Company also engages in the design, development, manufacture, and service of printing-related auxiliary equipment for original equipment manufacturers and printing companies worldwide. Quad Graphics, Inc. is headquartered in Sussex, Wisconsin.

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