QLogic (QLGC) Shares Fall on Morgan Stanley Downgrade
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Price: $16.07 --0%
Rating Summary:
5 Buy, 11 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
Rating Summary:
5 Buy, 11 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
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Shares of QLogic (Nasdaq: QLGC) are trading down about 5.7% today, falling after Morgan Stanley downgraded shares from Equalweight to Underweight. PT $15.50.
Morgan Stanley analyst cited the Company's move to cloud computing will disrupt top-line growth...QLGC may be the hardest hit (in our coverage) by the shift in server shipments, citing the 70% of total company revenue derived from host products.
Morgan Stanley analyst cited the Company's move to cloud computing will disrupt top-line growth...QLGC may be the hardest hit (in our coverage) by the shift in server shipments, citing the 70% of total company revenue derived from host products.
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