tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Universal Electronics downgraded to Neutral from Buy at Rosenblatt

Rosenblatt downgraded Universal Electronics (UEIC) to Neutral from Buy with an $8 price target The firm says the company’s Home Control Business is not growing fast enough to offset pressure in its Latin American subscription broadcast business. Universal’s revenue is likely to be down on a year-over-year basis for the next two or three quarters, the analyst tells investors in a research note.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1