BGB Securities Maintains SeaChange International Buy, Reduces PT
BGB Securities mainainted its SeaChange International (NASDAQ: SEAC) Buy rating and lowered its SeaChange International price target from $13 to $12 in a research report published today.
In the report, BGB Securities states, "SeaChange posted 2Q12 results that were below expectations, and the company's guidance was also modestly disappointing. That said, SeaChange emphasized the strength of its key relationships and projects, including a new win within Comcast, and noted that news related to its strategic options is coming soon."
Shares of SeaChange International were trading at $8.06 at the time of posting, up 2.15% from Wednesday's market close.
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