Nvidia: New Street Research downgrades to 'neutral'

(CercleFinance.com) - On Friday an analyst at New Street Research said that he is downgrading his rating on the Nvidia share from buy to neutral, saying that, "The company is nevertheless facing more uncertainties about its growth prospects in the near term.
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"We remain confident Nvidia still has a good growth potential, but... we see as much upside as downside potential in the next twelve months and recommend waiting for a better entry points to play secular growth," the broker says.

New Street Research sets its price target at 210 dollars, which more or less matches the share's current price.


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