Deutsche Bank Upgrades Audience, Inc. (ADNC) to Hold

February 1, 2013 7:57 AM EST Send to a Friend
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Price: $4.88 +5.63%

Rating Summary:
    1 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 38 | New: 13
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Deutsche Bank upgraded Audience, Inc. (NASDAQ: ADNC) from Sell to Hold with a price target of $13.00 (from $5.00) following better-than-expected Q4 results.

The firm comments, "Overall, we think Audience executed well this quarter, helped by better-than-expected demand for the iPhone 4S." That said, the firm remain cautious on the name given that 4S royalty revenues will continue to decline to zero over the next few quarters.

For an analyst ratings summary and ratings history on Audience, Inc. click here. For more ratings news on Audience, Inc. click here.

Shares of Audience, Inc. closed at $12.22 yesterday.

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