Analyst Actions Report: CRM, CRUS, MRVL
The Online Investor - Fri., May. 24, 3:19 PMThis morning, Wedbush Morgan downgraded shares of Salesforce.com (CRM) from outperform to neutral as lower sales commissions paid suggests less new sales are occuring. In the report, Wedbush set a new price target of $42 per share. Shares of CRM were lower by 8.1% on the news.
Canaccord Genuity downgraded shares of Cirrus Logic (CRUS) from buy to hold citing margins weakness. With the downgrade, the firm set a $18 price target. Shares of Cirrus Logic were lower by 3.1% today.
And JMP securities downgraded shares of Marvel Technology (MRVL) from market perform to underperform as weakening business fundamentals are concerning. In the report, JMP set a $8 price target. Shares of Marvel were lower by 0.4% today.