Wedbush Downgrades Radient Systems (RADS) to Neutral; NCR Offers a Sound Exit
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Price: $27.98 --0%
Rating Summary:
1 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush downgraded Radient Systems (NASDAQ: RADS) from Outperform to Neutral. PT raised by $2 to $28.
Wedbush analyst says, "We believe the bid to acquire Radiant Systems by NCR (NYSE: NCR) for $28/share provides a solid strategic exit and comes at a fair valuation. We believe that the deal has a high probability of being completed, given the level of fit and mutual interest. Therefore, we are downgrading to NEUTRAL and removing from the Best Ideas List. Shares have appreciated +18.3% since the inclusion to the list on 1/21/2011."
For more ratings news on Radient Systems click here and for the rating history of Radient Systems click here.
Shares of Radient Systems closed at $21.45 yesterday.
Wedbush analyst says, "We believe the bid to acquire Radiant Systems by NCR (NYSE: NCR) for $28/share provides a solid strategic exit and comes at a fair valuation. We believe that the deal has a high probability of being completed, given the level of fit and mutual interest. Therefore, we are downgrading to NEUTRAL and removing from the Best Ideas List. Shares have appreciated +18.3% since the inclusion to the list on 1/21/2011."
For more ratings news on Radient Systems click here and for the rating history of Radient Systems click here.
Shares of Radient Systems closed at $21.45 yesterday.
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