Wunderlich Downgrades Brocade Communications To Hold

Analysts at Wunderlich downgraded Brocade Communications Systems BRCD from Buy to Hold. The price target for Brocade Communications is set to $12. Brocade Communications shares have jumped 35.30% over the past 52 weeks, while the S&P 500 index has surged 14.79% in the same period. Brocade Communications' shares fell 2.05% to $11.45 in after-hours trading.