Shares of Glaukos (NYSE: GKOS) were sinking 14.7% as of 3:28 p.m. EDT on Tuesday. The decline came after Wells Fargo analyst Larry Biegelsen downgraded the stock to an underweight rating from equal weight. Biegelsen also set a $41 price target for Glaukos, nearly 19% below its closing price on Monday.
This isn't the first recent downgrade for Glaukos. Last week, William Blair downgraded the healthcare stock to market perform from market outperform.
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Source Fool.com