 Rockley Photonics Holdings Ltd NYSE:RKLY has withdrawn from a telecom application related to a joint venture with a Chinese customer that found its way into the U.S. governments entity list, according to BofA Securities. The Rockley Photonics Holdings Analyst: Vivek Arya downgraded the rating on Rockley Photonics Holdings from Buy to Neutral, while reducing the price target from 14 to 6. 