Brocade outlook has improved, says Wells Fargo After viewing a presentation by Brocade's management, Wells Fargo is more upbeat on the company's near- to intermediate-term prospects. However, the firm thinks much of the good news is already reflected in the stock and recommends waiting for a pullback before considering buying the shares, all else being equal. It keeps a Market Perform rating on the stock.
Brocade upgraded to Hold from Sell at Summit Research Summit Research upgraded Brocade to Hold citing a better outlook for the company's Fibre Channel business. The firm raised its price target for shares to $10 from $8.50.