Credit Suisse Downgrades CommScope - Read Why - CommScope Holding Co (NASDAQ:COMM)

Credit Suisse analyst Sami Bradi downgraded CommScope Holding Co Inc COMM to Neutral from Outperform with a price target of $12, down from $23, implying a 9.3% downside.
Equipment supply chain constraints that have elongated equipment delivery times have created a dynamic where CommScope may be recognizing solid demand but may fail to ship equipment against those orders, which will limit its revenue recognition and potential, Bradi notes.
If product shipment delays extend further, the analyst believes there is a scenario where some existing orders cancel, and customers leverage alternative suppliers for existing projects, making Bradi cautious on CommScope's outlook.
Price Action: COMM shares traded lower by 1.28% at $13.06 in the premarket session on the last check Tuesday.

Momentum97.94

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Credit Suisse Downgrades CommScope - Read Why