Markets & Finance

RBC Capital Cuts CNET Networks to Sector Perform

RBC Capital downgraded CNET Networks (CNET) to sector perform from outperform.

Analyst Jordan Rohan says that shares have exceeded his prior target, the company is losing share mildly within interactive advertising, and the acquisition of CNET would be major investment for a traditional media company and, therefore, is not a certainty. Rohan says the new target is $15 and the analyst prefers to buy shares below $14.

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