Canaccord Genuity Maintains a 'Buy' on KIT digital (KITD); Review of 10-K: Concerns Are Justified, But N-T Catalysts Remain

April 2, 2012 8:30 AM EDT
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Price: $0.30 --0%

Rating Summary:
    2 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Canaccord Genuity maintains a 'Buy' on KIT digital (NASDAQ: KITD) price target of $20.00.

Analyst, Jeff Rath, said, "Positives in the filings include improving financials and cash flows, and management and board of director changes to improve corporate oversight and confidence."

"Negatives include continued headlines surrounding its CEO, who has now agreed to become non-executive chairman, giving up his CEO position."

For an analyst ratings summary and ratings history on KIT Digital click here. For more ratings news on KIT Digital click here.

Shares of KIT Digital closed at $7.20 yesterday.

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