NaviSite Slides 12.1% on Merrill Downgrade
Internet hosting company
NaviSite
(NAVI) - Get Navient Corporation Report
was down 12.1% in preopen
Island
trading after it was downgraded to near-term accumulate from near-term buy at
Scroll to Continue
TheStreet Recommends
Merrill Lynch
. The long-term rating remains buy.
The Internet incubator
CMGI
(CMGI)
owns a majority stake in NaviSite. CMGI was down 3.8% in the preopen.
