BofA's downgrade from Buy to Underperform points to a weaker view of Wix shares. The report gives no third-quarter figures or reason for the change, so it does not show that Wix's business itself worsened.
The change shows BofA now expects Wix shares to do worse than it previously thought. The report does not explain why or give third-quarter figures, so it does not confirm that Wix's business weakened.
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