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UPDATE: JP Morgan Initiates Comverse at Neutral on Headwinds Through Early 2013

Related CNSI
Earnings Scheduled For September 9, 2015
Earnings Scheduled For June 15, 2015

JP Morgan initiated coverage on Comverse (NASDAQ: CNSI) with a Neutral rating and a $32 price target.

JP Morgan noted, "We expect bookings headwinds to continue to weigh over the next couple of quarters, but improvement in fundamentals to take hold in 2H13. Those near-term challenges likely give us a little time to focus elsewhere before returning to Comverse Inc, so we are initiating coverage with a Neutral rating and a $32 target price."

Comverse closed at $27.37 on Wednesday.

Latest Ratings for CNSI

Jun 2015Goldman SachsDowngradesBuyNeutral
Jan 2014OppenheimerMaintainsOutperform
Dec 2013First AnalysisDowngradesOverweightEqual-Weight

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