CFRA downgrades CrowdStrike to Hold due to high valuation

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Cybersecurity stalwart CrowdStrike (NASDAQ:CRWD) was downgraded to Hold from Buy by CFRA due to its high valuation.

CrowdStrike shares slipped 3.8% during Thursday morning market action.

Still, CFRA remains high on CrowdStrike and its offerings. It increased its price target on the