JP Morgan Downgrades Monotype Imaging Holdings To Underweight

Analysts at JP Morgan downgraded

(NASDAQ:

) from Neutral to Underweight. The price target for Monotype Imaging Holdings has been lowered from $43.00 to $29.00. Monotype Imaging Holdings shares have gained 6.67 percent over the past 52 weeks, while the S&P 500 index has surged 11.87 percent in the same period. Monotype Imaging Holdings' shares dropped 14.69 percent to close at $27.65 on Friday.