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Bank Of America Sees Search/Display Business Weakness On Synacor

Related SYNC
Canaccord Sees 125% Upside For Synacor Shares
Benzinga's Top Upgrades, Downgrades For April 18, 2017

In a report published Wednesday, Bank of America analyst Nat Schindler reiterated an Underperform rating but lowered the price target from $2.50 to $2.40 on Synacor (NASDAQ: SYNC).

In the report, Bank of America noted, “Synacor has many desirable characteristics such as high revenue predictability and an industry leading position. Although we see many desirable characteristics and the opportunity for a transformative customer win, we expect the company to continue facing mobile and Windows 8 related headwinds in 2013. We believe a discounted multiple to online media peers is warranted given high customer concentration and greater uncertainty surrounding top-line growth.”

Synacor closed on Tuesday at $2.27.

Latest Ratings for SYNC

Apr 2017Canaccord GenuityInitiates Coverage OnBuy
Oct 2016Ladenburg ThalmannInitiates Coverage OnBuy
Aug 2014Albert FriedDowngradesOverweightMarket Perform

View More Analyst Ratings for SYNC
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Posted-In: Bank of America Nat SchindlerAnalyst Color Price Target Analyst Ratings


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