JP Morgan Downgrades Monotype Imaging Holdings To Underweight

Analysts at JP Morgan downgraded Monotype Imaging Holdings Inc. TYPE 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.