Rally Software Development Shares Plummet

by Eric Niederer, Benzinga Staff Writer
June 6, 2014 11:15 AM | 25 seconds read |

Before the market open Friday, William Blair, Needham and Deutsche Bank all downgraded shares of Rally Software Development RALY following the company's release of its first quarter results.

The street has responded by sending shares of Rally Software down nearly 30 percent.

Rating Change

  • William Blair: from Outperform to Market Perform.
  • Needham: from Buy to Hold.
  • Deutsche Bank: from Buy to Hold, reduced price target from $30 to $15.
Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Comments
Posted In: Analyst ColorNewsDowngradesPrice TargetAnalyst RatingsDeutsche BankNeedhamWilliam Blair
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!