UPDATE: Wedbush Downgraded Netgear and Lowered the PT
October 25, 2013 at 12:44 PM EDT
In a report published Friday, Wedbush analyst Rohit Chopra downgraded Netgear (NASDAQ: NTGR ) from Outperform to Neutral and lowered the PT to $31. Wedbush noted that Netgear's wireless upgrade cycle and improvement in CBU is “unlikely to materialize in the next few quarters.” Although third quarter results were
