Category: unjustified
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Pure Storage stock down as UBS downgrades to Sell due to unjustified valuation By Investing.com
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Shares of Pure Storage (NYSE:) fell more than 5% before the market open on Tuesday after UBS analysts downgraded the stock from neutral to sell. The move comes as UBS sees an unfavorable risk-reward profile for the flash storage solutions provider due to slowing growth, declining market share, high valuation,…