Lazard Capital Downgrades ShoreTel (SHOR) to Neutral

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Management Exodus at ShoreTel (SHOR) Has Lazard Nervous; Cuts to Neutral

July 16, 2013 9:49 AM EDT

Lazard Capital downgrades ShoreTel (Nasdaq: SHOR) from Buy to Neutral, removing its $7 price target.

Analyst Ryan Hutchinson said that, while the firm has been a big proponent of ShoreTel in the past, recent departures suggest internal disruption, something the company... More