QLogic (QLGC) Shares Fall on Morgan Stanley Downgrade
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Price: $14.76 -1.2%
Rating Summary:
3 Buy, 6 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
3 Buy, 6 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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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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