Janney Montgomery Scott Downgrades Brocade (BRCD) to Neutral, Cuts Price Target by 50%

August 5, 2011 3:30 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: 10 | Down: 16 | New: 19
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Janney Montgomery Scott downgraded shares of Brocade (NASDAQ: BRCD) to a Neutral rating from its previous rating of Buy and cut its price target from $8 to $4.

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.


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