JPMorgan Downgrades Brocade (BRCD) to Neutral, Cuts Price Target to $5

August 5, 2011 12:08 PM EDT
Get Alerts BRCD Hot Sheet
Price: $12.73 --0%

Rating Summary:
    4 Buy, 22 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
JPMorgan downgraded shares of Brocade (NASDAQ: BRCD) to a Neutral rating from its previous rating of Over weight and cut its price target from $7.50 to $5.00.

Shares of BRCD are currently trading down $1.51 or 30.88 percent to $3.38.

For more ratings news on Brocade click here and for the rating history of Brocade click here.

Shares of Brocade closed at $4.89 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Downgrades

Related Entities

JPMorgan