UPDATE: Wedbush Lowers PT on Riverbed Technology on Integration Risks

Wedbush downgraded Riverbed Technology RVBD with a Neutral rating and lowered the price target from $20.00 to $17.00. Wedbush analyst Rohit Chopra noted, "We are positive about Riverbed's dominant competitive positioning in the WAN optimization market, however a deceleration in core growth, potential challenges with the integration of OPNET, high exposure to the government vertical, and recent executive turnover introduce near- to mediumterm risks. We think the story is once again a “show me” stock from the perspective of delivering strong combined company results, before investors again gravitate to the name. We continue to advise investors to remain on the sidelines until there are signs that integration activities begin to yield upside." Riverbed Technology closed at $14.72 on Tuesday.