BWS Financial downgraded Netgear to Neutral from Buy with a $13 price target. After hiring a new CEO last quarter there are several new undertakings the company plans to implement, including significantly selling down inventory in the second quarter, notes the analyst, who is moving to the sidelines until there is better clarity.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NTGR: