As previously reported, Northland analyst Nehal Chokshi downgraded Super Micro (SMCI) to Market Perform from Outperform with a $22 price target While the firm views the separation of the Chief Compliance Officer and CFO roles as a positive, it says this “appears reactionary rather than proactive” and believes Super Micro will challenged with flattish revenue and earnings growth until actions are taken to separate the Chairman and CEO roles.
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