UPDATE: Baird Equity Research Downgrades Synchronoss Technologies as Risks Cloud the Cloud Opportunity

In a report published Monday, Baird Equity Research analyst William V. Power downgraded the rating on Synchronoss Technologies (NASDAQ: SNCR ) from Outperform to Neutral, and lowered the price target from $40.00 to $35.00. In the report, Baird Equity Research noted, “We are positive on the improving near-term opportunity at