UPDATE: J.P. Morgan Downgrades Zagg as 3Q Results Align with Lowered Expectations

In a report published Wednesday, J.P. Morgan analyst Paul Coster downgraded the rating on Zagg (NASDAQ: ZAGG ) from Overweight to Neutral, and lowered the price target from $7.00 to $5.00. In the report, J.P. Morgan noted, “ZAGG's 3Q results aligned with lowered expectations following the profit warning on October