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Goldman Sachs Downgrades Brocade (BRCD) to Sell

August 15, 2011 8:30 AM 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: 8 | Down: 5 | New: 26
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Goldman Sachs downgraded Brocade (NASDAQ: BRCD) from Neural to Sell with a price target of $3.30 (down from $3.80).

The firm said they see downside to consensus estimates even after its negative preannouncement.

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

Shares of Brocade closed at $3.53 yesterday.


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