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UPDATE: Wunderlich Securities Reiterates Buy Rating, Raises PT on Riverbed Technology

Related RVBD
Elliot Management Says Cash Offer Of $21/Share For Riverbed Still Stands
Riverbed Misses 2Q Views; Offers Outlook Above Consensus

In a report published Wednesday, Wunderlich Securities reiterated its Buy rating on Riverbed Technology (NASDAQ: RVBD), and raised its price target from $23.00 to $26.00.

Wunderlich noted, “We are adjusting our model slightly upward and elevating our price target for Riverbed (RVBD) shares to $26 from $23. We believe improved execution is being sustained and that the company may have incremental opportunity associated with upgrades of older product and adjacent market segments as enhanced quality of service (QoS) features are brought to market. We maintain our BUY recommendation.”

Riverbed Technology closed on Tuesday at $22.29.

Latest Ratings for RVBD

DateFirmActionFromTo
Jul 2014JefferiesMaintainsHold
Jul 2014Buckingham ResearchInitiates Coverage onNeutral
Jul 2014OppenheimerDowngradesOutperformPerform

View More Analyst Ratings for RVBD
View the Latest Analyst Ratings

Posted-In: Wunderlich SecuritiesAnalyst Color Price Target Analyst Ratings

 

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