Market Overview

UPDATE: Stifel Nicolaus Downgrades Polycom to Hold on Departure of Key Executive

Related PLCM
Top Performing Industries For January 23, 2015
Nokia Scales 52-Week High on Share Buyback Plan - Analyst Blog

Stifel Nicolaus downgraded Polycom (NASDAQ: PLCM) from Buy to Hold and removed the price target of $13.00.

Stifel Nicolaus said, "Polycom announced the departure of Mr. Sudhakar Ramakrishna (“Rama”), the president of Product and Services. Mr. Ramakrishna has accepted a position with another company. … Overall, given the departure of the key architect of Polycom's transformation to a software-centric model, we find it difficult to maintain our rating and are moving to a Hold."

Polycom closed at $10.12 on Wednesday.

Latest Ratings for PLCM

Jul 2014Northland SecuritiesDowngradesOutperformMarket Perform
Jul 2014Raymond JamesMaintainsOutperform
Jul 2014UBSMaintainsNeutral

View More Analyst Ratings for PLCM
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Downgrades Analyst Ratings


Related Articles (PLCM)

Around the Web, We're Loving...

Get Benzinga's Newsletters