BWS Financial Downgrades NETGEAR (NTGR) to Hold
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BWS Financial downgraded NETGEAR (NASDAQ: NTGR) from Buy to Hold, citing eventual deceleration.
Analyst Hamed Khorsand commented, "We believe NTGR may have benefited much of what it can from the change in consumer buying habits, in terms of what it would mean to the Company’s earnings profile. We have been waiting nearly 3 years on our thesis to take hold and we believe now is a good time to step away. We are downgrading our rating to a Hold and moving to the sidelines."
Shares of NETGEAR closed at $60.49 yesterday.
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