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Ubiquiti +3.8% on Raymond James upgrade

May 13, 2014 8:29 AM ETUbiquiti Inc. (UI) StockBy: Eric Jhonsa, SA News Editor7 Comments
  • Raymond James has upgraded Ubiquiti (UBNT) to Strong Buy from Outperform. The firm's PT is at $50.
  • The upgrade comes after shares nosedived in the wake of Ubiquiti's FQ3 beat, thanks to concerns about rising inventories and Americas/enterprise sales growth.
  • 22% of the float was shorted as of April 30.

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