JPMorgan Downgrades Switch Inc. (SWCH) to Neutral
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Price: $34.25 --0%
Rating Summary:
3 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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JPMorgan analyst Richard Choe downgraded Switch Inc. (NYSE: SWCH) from Overweight to Neutral with a price target of $13.00 (from $17.00).
The analyst steps to the sideline citing slower revenue growth and lower margins. He says his higher growth thesis for the company appears to have been pushed out and lowered for 2019.
For an analyst ratings summary and ratings history on Switch Inc. click here. For more ratings news on Switch Inc. click here.
Shares of Switch Inc. closed at $10.75 yesterday.
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