Goldman Sachs Removes Synchronoss Technologies (SNCR) from Conviction Buy List

May 14, 2012 7:04 AM EDT
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Price: $9.00 --0%

Rating Summary:
    10 Buy, 8 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Goldman Sachs removed Synchronoss Technologies (NASDAQ: SNCR) from its Conviction Buy List, but maintained a Buy rating. The firm cut their price target from $37 to $28.

The firm said the slower ramp in a new AT&T (NYSE: T) channel will limit multiple expansion.

For an analyst ratings summary and ratings history on Synchronoss Technologies click here. For more ratings news on Synchronoss Technologies click here.

Shares of Synchronoss Technologies closed at $21.18 yesterday.


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