Goldman Sachs Initiates Ubiquiti Networks At Sell

Goldman Sachs initiated coverage on

with a Sell rating. The target price for Ubiquiti Networks is set to $28. Ubiquiti Networks shares have dropped 22.60% over the past 52 weeks, while the S&P 500 index has surged 13.36% in the same period. Ubiquiti Networks' shares closed at $33.66 yesterday.