Needham Downgrades E2open To Market Perform

Analysts at Needham downgraded E2open EOPN from Outperform to Market Perform and removed the target price of $24. E2open shares have dropped 31.32% over the past 52 weeks, while the S&P 500 index has surged 18.15% in the same period. E2open's shares tumbled 28.38% to $11.18 in pre-market trading.