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UPDATE: D.A. Davidson Reiterates Neutral Rating, Lowers PT on RadiSys Corporation

Related RSYS
UPDATE: D.A. Davidson & Co. Initiates Coverage On RadiSys Corporation On Attractive Turnaround Story
Radisys Announces Proposed Public Offering of Common Stock; Size Undisclosed

In a report published Wednesday, D.A. Davidson & Co. reiterated its Neutral rating on RadiSys Corporation (NASDAQ: RSYS), but slightly lowered its price target from $4.00 to $3.40.

D.A. Davidson noted, “Maintaining NEUTRAL rating. While the uncertain macro environment is clearly weighing on the near-term, we are also concerned about what the refocusing steps will lead to. The ramp of LTE will provide potential upside, but we need to see substantial growth in the core business before growing more positive. Given the uncertain outlook, we are adjusting our estimates and price target. Our new target of $3.40 (previously $4) is based on 2x tangible book value.”

RadiSys Corporation closed on Tuesday at $2.94.

Latest Ratings for RSYS

DateFirmActionFromTo
Sep 2014DA DavidsonInitiates Coverage onBuy
Feb 2014NeedhamUpgradesHoldBuy
Nov 2013JefferiesMaintainsBuy

View More Analyst Ratings for RSYS
View the Latest Analyst Ratings

Posted-In: D.A. Davidson & Co.Analyst Color Price Target Analyst Ratings

 

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