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Fly News Breaks for January 2, 2019
AKAM
Jan 2, 2019 | 08:00 EDT
Cowen analyst Colby Synesael downgraded Akamai to Market Perform from Outperform as he views 2019 growth as more challenging and sees a risk to guidance. The analyst cited tough comps in the CDN/security segments and headwinds from in its Web Performance segment, including the 2018 acquisition benefit. Synesael lowered his price target to $73 from $86 on Akamai shares.
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