Credit Suisse Downgrades New Relic (NEWR) to Neutral

Credit Suisse analyst Fred Lee downgraded New Relic (NYSE: NEWR) from Outperform to Neutral with a price target of $87.00 (from $113.00).

For an analyst ratings summary and ratings history on New Relic click here. For more ratings news on New Relic click here.

Shares of New Relic closed at $83.98 yesterday.

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