CommScope -1.1% as Nomura cuts to Neutral

|About: CommScope Holding Company ... (COMM)|By:, SA News Editor

CommScope Holding (NASDAQ:COMM) is 1.1% lower premarket after a downgrade to Neutral at Nomura Instinet, from Buy.

The firm cut its price target to $31 from $35, implying just 5.3% upside.

Shares are down 22.2% YTD mostly because of a May 1 tumble, but they're down 5.8% over the past month as well.

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