Market Overview

UPDATE: D.A. Davidson Reiterates Neutral Rating, Lowers PT on RadiSys Corporation


In a report published Wednesday, D.A. Davidson & Co. reiterated its Neutral rating on RadiSys Corporation (NASDAQ: RSYS), but slightly lowered its price target from $4.00 to $3.40.

D.A. Davidson noted, “Maintaining NEUTRAL rating. While the uncertain macro environment is clearly weighing on the near-term, we are also concerned about what the refocusing steps will lead to. The ramp of LTE will provide potential upside, but we need to see substantial growth in the core business before growing more positive. Given the uncertain outlook, we are adjusting our estimates and price target. Our new target of $3.40 (previously $4) is based on 2x tangible book value.”

RadiSys Corporation closed on Tuesday at $2.94.

Latest Ratings for RSYS

Jul 2018DowngradesBuyNeutral
Jul 2018DowngradesOutperformMarket Perform
Jun 2016MaintainsBuy

View More Analyst Ratings for RSYS
View the Latest Analyst Ratings

Posted-In: D.A. Davidson & Co.Analyst Color Price Target Analyst Ratings


Related Articles (RSYS)

View Comments and Join the Discussion!

Latest Ratings

PNRJefferiesInitiates Coverage On
IPHIBank of AmericaMaintains80.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

UPDATE: Miller Tabak Downgrades ACE Limited to Hold, Reiterates $77.46 PT

UPDATE: D.A. Davidson Reiterates Buy Rating, Raises PT on Schiff Nutrition International