UPDATE: Albert Fried Upgrades Synacor to Overweight, Reiterates $6 PT on Multiple Positive Factors

In a report published Wednesday, Albert Fried analyst Rich Tullo upgraded the rating on Synacor SYNC from Market Perform to Overweight, and reiterated the $6.00 price target. In the report, Tullo noted, “We like SYNC's strategic positioning, sticky client base and unique service offering. SYNC has emerged from its IPO as a unique high growth and profitable play on TV everywhere as well as the emergence of MSO's as next generation Internet Service Providers. However, the recent changes in Search Industry policies will disrupt SYNC's organic revenue prospects in 1H13E.” Synacor closed on Tuesday at $3.36.