BofA downgraded Akamai (AKAM) to Neutral from Buy with a price target of $100, down from $125. The firm remains positive on the longer-term story, but sees limited near term catalysts as the company transitions from slower growth areas like web security and legacy compute to high growth areas like API security and Cloud Infrastructure Services, adding that “transitions take time.”
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Read More on AKAM:
- TD downgrades Akamai to Hold on growth deceleration
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