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Synchronoss Technologies stock plunged in heavy trading Wednesday after Robert W. Baird analyst William Power downgraded it to underperform from neutral. “With rising capital intensity and increasing customer concentration risk, we believe valuation is stretched at current levels and would recommend trimming positions,” Power said in a research note Wednesday. Synchronoss (SNCR) stock was down 10%, near 43, in afternoon trading on the stock market Scalper1 News
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