Why CommScope Stock Tanked by 15% This Week
Giant publicly traded companies can often withstand negative takes from analysts, but that isn't always the case with relatively smaller players. The drastic one came from Jefferies' George Notter, who downgraded his recommendation on CommScope stock one peg, to hold from his previous buy. Notter now feels that CommScope stock is worth only $5.50 per share; previously, he had placed its value at $15.