Extreme Networks Downgraded to Hold on Valuation
Investment house Needham downgraded network switching company Extreme Networks (EXTR ) stock to hold from buy due to valuation and raised the price target on the stock to $36, up from $35. Analyst A.A. LaFountain said the company is well positioned to benefit from expansion of gigabit Ethernet into metropolitan area network markets, providing a low-cost product for that segment.
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