Wedbush Downgrades Polycom (PLCM) to Neutral

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Wedbush downgraded Polycom (NASDAQ: PLCM) from Outperform to Neutral Thursday afternoon. The firm's price target was lowered from $25 to $17.

The intraday downgrade follows a Q1 warning from the company this morning. Shares are down nearly 18 percent at last check.

Wedbush said, "the elongated timeframe required to repair the business and ongoing investments in the business could put the company at a competitive disadvantage."

For an analyst ratings summary and ratings history on Polycom click here. For more ratings news on Polycom click here.

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