Wedbush Morgan Starts Smith Micro Software (SMSI) at Buy
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Wedbush Morgan initiates coverage on Smith Micro Software, Inc. (NASDAQ: SMSI) with a Buy rating and $9.50 price target.
The firm said robust growth in connectivity solutions should be a key revenue driver. They also said new customer winds should lead to improved revenue growth and diversification.
Smith Micro Software, Inc. develops and markets mobile software products and services. It focuses on wireless data communications, including software applications for broadband mobile networks, Wi-Fi, WiMAX, personal handset information management, managing mobile content on a handset, device management solutions, mobile image management, and data compression solutions.
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