JPMorgan downgraded Insight Enterprises (NSIT) to Underweight from Neutral with a price target of $90, down from $117. The firm cites its less favorable view on enterprise spending for the downgrade. JPMorgan expects a “muted” enterprise spending environment, “choppiness” in demand elasticity from customers reacting to memory led price increases, and “potential digestion” in PC market volumes.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NSIT:
- Insight Enterprises downgraded to Underweight from Neutral at JPMorgan
- DoorDash, Baidu upgraded: Wall Street’s top analyst calls
- Canaccord starts ‘show me’ Insight Enterprises with Hold rating
- Insight Enterprises initiated with a Hold at Canaccord
- ValueAct takes new stake in Toast, exits Expedia, boosts MongoDB stake