Cogent price target lowered to $40 from $52 at TD Cowen

TD Cowen lowered the firm’s price target on Cogent (CCOI) to $40 from $52 and keeps a Buy rating on the shares. The firm said they posted mixed results but trumped by a failure to sell the data centers messaged last call, lackluster Waves progress, and no longer disclosing key Waves funnel metrics. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on CCOI: Disclaimer & DisclosureReport an I ...