Carbonite (CARB) Tops Q2 EPS by 1c; Issues Better-than-Expected Outlook
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BofA/Merrill Lynch Downgrades Carbonite (CARB) to Underperform
July 30, 2014 7:28 AM EDTBofA/Merrill Lynch downgraded Carbonite (NASDAQ: CARB) from Neutral to Underperform with a price target of $9.00 (from $12.00) despite better than expected Q2 results and outlook. The firm is citing concern about transition to SMB.
Analyst Scott Shiao said , "... we are surprised that... More
