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shares are trading lower by $4.10 at $60.95 early in Tuesday's session. The catalyst for the 7-percent decline appears to be the downgrade from Pacific Crest. Before the open, the company lowered its rating on the issue from Overweight to Sector Weight.
After a lower open, it had a brief bounce to $61.91 before continuing its move lower. So far, the ensuing decline has taken the issue to $60.01, and it is attempting to rebound — marking the lowest level for the issue since May 18, when it bottomed at $59.54.
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