Wedbush Morgan Downgrades Dionex (DNEX) to Hold, Citing Valuation
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Wedbush Morgan downgrades Dionex Corp. (Nasdaq: DNEX) from Buy to Hold with an $81 price target, citing valuation and concerns over European slowdown.
The firm said, "with slowing European market and shift to lower margin mix with Asian market place, we believe shares reflect near term margin expansion."
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