Canaccord Genuity on RealNetworks (RNWK); Valuation and Risk/Reward Still Support 'Buy' Rating

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Canaccord Genuity maintains a 'Buy' on RealNetworks (NASDAQ: RNWK) price target lowered from $15 to $13.

Analyst, Jeff Rath, said, "We maintain our rating, but have lowered our target to $13 following RNWK’s Q1/12 results. Our thesis of a positive risk/reward and attractive relative valuation remains intact despite uncertainty in the financial model."

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

Shares of RealNetworks closed at $9.49 yesterday, with a 52 week range of $2.01-$11.34.

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