Cantor Fitzgerald Cuts PT on RadiSys (RSYS) to $8.50
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Cantor Fitzgerald lowers its price target on RadiSys (Nasdaq: RSYS) from $12 to $8.50 and maintains a Hold rating.
Taking a more conservative perspective, the firm said it's reduction in RadiSys' price target is based on a lower target multiple from 30x to 25x. Additionally, Cantor lowered its FY08 and FY09 EPS estimates from $0.32 to $0.28 and from $0.45 to $0.36, respectively.
RadiSys Corporation engages in the development, production, and marketing of computer system products for embedded computer applications in the manufacturing automation, medical, transportation, telecommunications, and test equipment marketplaces in the United States. [BCS]
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