BofA/Merrill Lynch Resumes Mavenir Systems (MVNR) at Buy

BofA/Merrill Lynch resumes coverage on Mavenir Systems (NYSE: MVNR) with a Buy rating and a price target of $19.00.

Analyst Tal Liani is positive on the stock going into 2H14 due to the rollout of VoLTE and other value-added services by carriers in the US. The stock offers investors with a way to invest in the forthcoming LTE rollout, via unique software exposure and a business model that has high operating leverage to 4G subscriber growth, the analyst said.

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

Shares of Mavenir Systems closed at $11.09 yesterday.

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