Acacia Communications -4.9% as Morgan Stanley goes Underweight

|About: Acacia Communications (ACIA)|By:, SA News Editor

Acacia Communications (NASDAQ:ACIA) is 4.9% lower premarket after a cut to Underweight by Morgan Stanley.

The firm trimmed its price target to $30 from $37, implying 29% downside.

Shares have gained 16% so far in 2018; they're down 21% over the past 12 months.

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