Brocade Communications Systems was downgraded to hold from buy at TheStreet Ratings last Monday. TheStreet Ratings gives Brocade Communications Systems a C grade. The stock closed Friday at $4.62 and has fallen 10.98% year to date.
If the bond insurer doesn't find a buyer for itself soon, it could become a target of an activist fund pushing it to combine with Assured Guaranty.
The bank's investment management division has agreed to pay around $400 million to settle allegations of improper conduct with two insurers