Kaufman Bros. Starts Brocade (BRCD) at Hold, $6 Target
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Price: $12.73 --0%
Rating Summary:
4 Buy, 22 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
4 Buy, 22 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Kaufman Bros. initiated coverage on shares of Brocade (NASDAQ: BRCD) with a Hold rating and $6 price target.
While the firm is positive on the stock over the longer term, it recommends investors "be patient with the stock based on our somewhat muted near-term outlook. In addition, we anticipate a pause in BRCD's impressive strides in growing revenue, margin expansion and most importantly free cash flow generation over the last six quarters."
For an analyst ratings summary and ratings history on Brocade click here. For more ratings news on Brocade click here.
While the firm is positive on the stock over the longer term, it recommends investors "be patient with the stock based on our somewhat muted near-term outlook. In addition, we anticipate a pause in BRCD's impressive strides in growing revenue, margin expansion and most importantly free cash flow generation over the last six quarters."
For an analyst ratings summary and ratings history on Brocade click here. For more ratings news on Brocade click here.
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