Goldman Sachs Downgrades Gigamon To Neutral

Analysts at Goldman Sachs downgraded Gigamon

from “buy” to “neutral.” The target price for Gigamon has been lowered from $29 to $14. Gigamon shares have tumbled 43.54% over the past 52 weeks, while the S&P 500 index has gained 18.85% in the same period. Gigamon's shares tumbled 32.56% to $12.26 in pre-market trading.