Bank of America Downgrades Ubiquiti Networks To Underperform

Analysts at Bank of America downgraded Ubiquiti Networks, Inc. UBNT from undefined to Underperform. The price target for Ubiquiti Networks is set to $33. Ubiquiti Networks shares have dropped 27.39% over the past 52 weeks, while the S&P 500 index has surged 12.35% in the same period. Ubiquiti Networks' shares fell 1.92% to $28.60 in pre-market trading.