Super Micro Stock Drops After Downgrade. It Has Nothing to Do With Filing Delay, Short Report.

Super Micro Stock Drops After Downgrade. It Has Nothing to Do With Filing Delay, Short Report. · Barrons.com

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It’s best to step back on Super Micro Computer stock until the server maker has its ducks in a row, JPMorgan advised on Friday. Analysts led by Samik Chatterjee downgraded shares of Super Micro to Neutral from Overweight and slashed their price target to $500 from $950. Super Micro stock was off 4.5% to $395.98 in morning trading.