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nlightn

09/04/15 9:49 AM

#264879 RE: nlightn #264870

N,...NetSuite drops 3.6% following Raymond James downgrade

Raymond James has downgraded NetSuite (NYSE:N) to Underperform. Shares have fallen below $85 for the first time since last October.BNP Paribas upgraded NetSuite a week ago. Shares go for 7x 2016E revenue, or perhaps ~6x forward billings.