Bank of America Downgrades Ubiquiti Networks To Underperform

Analysts at Bank of America downgraded

from undefined to Underperform. The price target for Ubiquiti Networks is set to $33. Ubiquiti Networks shares have dropped 27.39% over the past 52 weeks, while the S&P 500 index has surged 12.35% in the same period. Ubiquiti Networks' shares fell 1.92% to $28.60 in pre-market trading.