Deutsche Bank Starts Audience, Inc. (ADNC) at Buy; Improving Mobile Phone Audio Standards

Deutsche Bank initiates coverage on Audience, Inc. (NASDAQ: ADNC) with a Buy. PT $23.00.

Deutsche analyst said, "Audience has reinvigorated the once sleepy area of cellular audio quality. They have spent years convincing carriers and handset vendors of the benefits of voice enhancements. This first mover advantage should allow them to reap benefits by setting the benchmarks for others to follow. We think such enhancements will become commonplace across all phones in coming years, and Audience is in the lead of that process, meriting our Buy rating."

For an analyst ratings summary and ratings history on Audience, Inc. click here. For more ratings news on Audience, Inc. click here.

Shares of Audience, Inc. closed at $17.15 yesterday.

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