UBS Securities downgrades Arris Group to ‘neutral’

UBS Securities downgraded rating of communications technology company Arris Group Inc. to Neutral from Buy on Friday, on weaker-than-expected outlook and profitability. The brokerage lowered its price target to $10.75 from $14. UBS Securities said Arris reported a weaker than expected business outlook. The company expects third quarter of 2010 sales of $270 million to […]