Wedbush Securities Feels More Confident About Positive Thesis For Synchronoss Technologies Following Analyst Day

In a report published Thursday, Wedbush Securities analyst Shyam Patil reiterated an Outperform rating and $60.00 price target on

. In the report, Wedbush Securities noted, "We walked away incrementally more comfortable with our positive thesis on Synchronoss. We believe the company has several growth drivers ahead, particularly cloud (specifically at Verizon and AT&T) and international in the nearterm and cloud 2.0/engagement and Integrated Life in the intermediate- to long-term. We provide the incremental data points from the event below. We are reiterating our OUTPERFORM and $60 price target. As a reminder, we added Synchronoss to our Best Ideas List (BIL) in December 2014." Synchronoss Technologies closed on Wednesday at $42.62.