Raymond James Downgrades Ubiquiti Networks To Market Perform

Analysts at Raymond James downgraded

from Strong Buy to Market Perform and removed the price target of $43.00. Ubiquiti Networks shares have dropped 9.66 percent over the past 52 weeks, while the S&P 500 index has surged 11.15 percent in the same period. Ubiquiti Networks' shares fell 8.54 percent to $25.93 in pre-market trading.