Credit Suisse Downgrades Open Text To Neutral

Analysts at Credit Suisse downgraded Open Text Corporation OTEX from Outperform to Neutral. The price target for Open Text has been lowered from $65.00 to $60.00. Open Text shares have gained 22.64% over the past 52 weeks, while the S&P 500 index has surged 14.39% in the same period. Open Text's shares fell 5.52% to $56.30 in pre-market trading.