Market Overview

UPDATE: M Partners Reiterates Buy Rating, Raises PT on Mitel Networks Corporation

Related MITL
Corporate Events for the Week of Jun. 2nd, 2014
Top 4 NASDAQ Stocks In The Communication Equipment Industry With The Highest ROA

In a report published Friday, M Partners reiterated its Buy rating on Mitel Networks Corporation (NASDAQ: MITL), and slightly raised its price target from $4.50 to $5.00.

M Partners noted, “We believe that Mitel has a low exposure to hardware, and with its virtualization strategy, strong differentiation, which makes Mitel Networks' earning leverage among the highest of its peers. As the company continues to build market share, there is higher possibility that in H2'13, revenue performance could exceed our estimates, especially if macro uncertainty declines.”

Mitel Networks Corporation closed on Thursday at $2.56.

Posted-In: M PartnersAnalyst Color Price Target Analyst Ratings


Related Articles (MITL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters