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Fly News Breaks for July 13, 2015
BRCD
Jul 13, 2015 | 07:04 EDT
RBC Capital downgraded Brocade to Sector Perform and lowered its price target to $12 from $13. The firm believes challenges and disruptions at key OEM partners could continue and raised opex expectations for increased R&D/S&M investments to ramp growth.
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