Ciena was also downgraded to hold from buy at Drexel Hamilton. The valuation is less attractive, based on a $22 price target, Drexel said.
VeriFone (PAY) was downgraded to neutral from outperform at Wedbush. $20 price target. Myriad headwinds will likely persist, Wedbush said.
Smith & Wesson (SWHC) was downgraded to hold from buy at Craig Hallum. $33 price target. The industry has likely seen peak demand, Hallum said.