Wedbush Morgan Starts Akamai Technologies (AKAM) at Buy
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Wedbush Morgan initiates coverage on Akamai Technologies Inc. (Nasdaq: AKAM) with a Buy rating and$45 price target.
The firm said checks show that volume growth and a more stable pricing environment could lead to upside. They also said improving EBITDA margin highlights highly leverageable core operations, offsetting gross margin decline and a highly recurring revenue model should insulate Akamai from a slow US economy.
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