Barclays Downgrades QLogic To Equal-weight, Shares Drop

Analysts at Barclays downgraded QLogic

from Overweight to Equal-weight. The price target for QLogic has been lowered from $13.00 to $10.00. QLogic shares have dropped 19.15% over the past 52 weeks, while the S&P 500 index has gained 12.60% in the same period. QLogic shares fell 1.97% to $8.94 at 12:00 p.m. ET.