Will This Price Target Decrease Hurt FireEye (FEYE) Stock Today? (Update)

Update (9:35 a.m.): Updated with Wednesday market open information.

NEW YORK (TheStreet) -- UBS decreased its target price on FireEye  (FEYE) to $40 and set a "neutral" rating. Multiple compressions in the overall software group drove the firm's decision.

The stock was down 18.65% to $30.20 at 9:35 a.m. on Wednesday.

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