Rosenblatt Downgrades Extreme Networks to Neutral, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Mike Genovese downgraded Extreme Networks (EXTR) from Buy to Neutral and reduced the price target from $19 to $15, indicating a more cautious outlook on the company's stock.
February 01, 2024 | 1:21 pm
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Extreme Networks was downgraded from Buy to Neutral by Rosenblatt analyst Mike Genovese, with a price target reduction from $19 to $15.
The downgrade from Buy to Neutral by a prominent analyst, along with a significant reduction in the price target, suggests a more cautious or bearish outlook on Extreme Networks' stock. This could lead to a decrease in investor confidence and potentially result in a short-term decline in the stock price.
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