Brean Murray Said Possible Launch of New iPhone Will Be Positive for Synchronoss (SNCR)
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Brean Murray comments on Synchronoss Technologies, Inc. (Nasdaq: SNCR), The firm said, "Multiple industry sources are predicting the launch of the new Apple 3G iPhone (iPhone 2) within the next few weeks. We believe the launch will be a positive event for Synchronoss, as we believe the launch will benefit iPhone sales with Synchronoss continuing to be the activation vehicle for iPhones utilizing AT&T services. We reiterate our Buy rating on SNCR and our $17 target price."
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