CrowdStrike sinks, stock downgraded after global tech outage

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CrowdStrike (CRWD) shares are falling in early trading on Monday. The stock faced Wall Street's ire following a software update that impacted Microsoft (MSFT) systems, leading to a massive global IT outage. Both BTIG and Guggenheim downgraded the stock to Neutral from Buy, Scotiabank downgraded it to Sector Perform from Outperform, and other firms lowered their price targets.

Yahoo Finance anchors Julie Hyman and Josh Lipton break down the calls in the video above.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Stephanie Mikulich.

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