Wedbush Morgan Boosts Price Target on Syniverse Holdings (SVR) to $26
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Wedbush Morgan raised its price target on Syniverse Holdings, Inc. (NYSE: SVR) from $25 to $26, following another blow-out quarter and increased guidance. The firm is reiterating their Strong Buy rating.
The firm noted that continued growth of data services and international expansion were the primary drivers of revenue.
Shares of Syniverse are dup 14% today to $18.72 following strong Q2 results.
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