Goldman Sachs Upgrades Polycom (PLCM) to Buy

March 20, 2013 7:15 AM EDT
Get Alerts PLCM Hot Sheet
Price: $12.47 --0%

Rating Summary:
    2 Buy, 14 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 34 | New: 34
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Goldman Sachs upgraded Polycom (NASDAQ: PLCM) from Neutral to Buy with a price target of $14.00 (from $11.00) saying revenues and margins reach inflection point.

"After significant underperformance in 2012, Polycom's shares have again lagged the Russell 2000/S&P 500/NASDAQ by 9%/7%/5% YTD as concerns that the technology transition underway in the company’s core videoconferencing market have continued to weigh on shares," the analyst said.

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

Shares of Polycom closed at $10.65 yesterday.

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