ADT Catches a Downgrade
It's been a wild year for ADT (NYSE: ADT) shareholders.
After falling more than 25% by August, shares of the alarm maker and security services provider rebounded sharply in recent months. They're now up approximately 50% so far in 2019.
On Monday, however, Bank of America Merrill Lynch cut its rating on ADT's stock from buy to neutral. Analysts Jay Hanna and Gary Bisbee argue that the recent surge in the security giant's share price leaves little upside left for investors.
Source Fool.com
