UPDATE: Deutsche Bank Initiates West Corporation with Buy on Good Growth Position

In a report published Wednesday, Deutsche Bank analyst Ashish Sabadra initiated coverage on West Corporation

with a Buy rating and $25.00 price target. In the report, Sabadra noted, “WSTC is a business-model-transformation story, from an agent- to platform-based model, and its large, scalable, and proprietary leading-edge technology positions the company well to benefit from increased demand for unified communication services. The company should deliver double-digit net income growth driven by mid-single-digit revenue growth and lower interest expense. In addition, WSTC is trading at a discount to peers and at a planned $0.90 annual dividends (4.4% dividend yield), its an attractive small-cap value stock, in our view.” West Corporation closed on Tuesday at $21.00.