Susquehanna Downgrades Super Micro Computer (SMCI) to Neutral

Susquehanna downgraded Super Micro Computer (NASDAQ: SMCI) from Positive to Neutral with a price target of $28.00 (from $35.00).

"We still believe that SMCI can benefit from secular trends in IT infrastructure spending, but as it goes through "growing pains," it needs to strengthen internal infrastructure," analyst Mehdi Hosseini said.

For an analyst ratings summary and ratings history on Super Micro Computer click here. For more ratings news on Super Micro Computer click here.

Shares of Super Micro Computer closed at $29.25 yesterday.

You May Also Be Interested In

• KeyBanc Starts Super Micro Computer (SMCI) at Sector Weight, 'shares currently trading relatively inline with its infrastructure peer group'
• Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
• UBS Downgrades Hino Motors Ltd. (7205:JP) (HINOY) to Neutral