Market Overview

UPDATE: Brean Murray Carret & Co. Initiates Coverage on SeaChange International

Share:
Related SEAC
Earnings Scheduled For September 1, 2016
15 Biggest Mid-Day Losers For Tuesday

According to a research report published this morning, Brean Murray Carret & Co. has initiated SeaChange International (NASDAQ: SEAC) with a Buy rating and $11 PT.

In the report, Brean Murray Carret & Co. commented, "We believe SeaChange is well positioned to capitalize on the shift to TV Everywhere, and that new management has sharpened the company's focus and will improve financial results. SeaChange has divested non-core assets and is now focused on three primary businesses: (1) VOD operating systems; (2) Home Gateways; and (3) VOD ad insertion. We believe each of these businesses is well positioned to capitalize on current spending trends, and initial traction gives us comfort that the company is successfully transitioning the technology cycle."

SeaChange International closed yesterday at $8.

Latest Ratings for SEAC

DateFirmActionFromTo
Aug 2016Lake StreetDowngradesBuyHold
Apr 2016Noble Financial GroupDowngradesBuyHold
Feb 2016Lake StreetInitiates Coverage onBuy

View More Analyst Ratings for SEAC
View the Latest Analyst Ratings

Posted-In: Brean Murray Carret & Co.Analyst Color Initiation Analyst Ratings

 

Related Articles (SEAC)

View Comments and Join the Discussion!