Form 8-K NEW RELIC, INC. For: Feb 04
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BMO Capital Downgrades New Relic (NEWR) to Market Perform
February 5, 2020 4:40 AM ESTBMO Capital analyst Keith Bachman downgraded New Relic (NYSE: NEWR) from Outperform to Market Perform with a price target of $72.00 (from $78.00).
The analyst comments "While we acknowledge that NEWR has an inexpensive valuation at less than 5x revs, we are skeptical about... More

