UPDATE: DA Davidson Downgrades Super Micro Computer (SMCI) to Neutral

(updated to expand analyst comment)

DA Davidson downgraded Super Micro Computer (NASDAQ: SMCI) from Buy to Neutral with a price target of $27.00 (from $33.00).

Analyst Mark Kelleher says there is too much uncertainty around the company following the "missing 10K." The analyst shares a belief that the company will see growth on the top and bottom line but given the issue related to filing its 10K he steps to the sideline.

For an analyst ratings summary and ratings history on Super Micro Computer click here. For more ratings news on Super Micro Computer click here.

Shares of Super Micro Computer closed at $23.35 Friday.

You May Also Be Interested In

• JPMorgan Downgrades Braskem SA (BRKM5:BZ) (BAK) to Neutral
• Roth/MKM Starts Topaz Energy (TPZ:CN) (TPZEF) at Buy
• Italgas SpA (IG:IM) PT Raised to EUR11.20 at RBC Capital