Goldman Sachs Raises Price Target on Polycom (PLCM), Keeps Neutral Rating

Goldman Sachs raised estimates and its price target on Polycom (NASDAQ: PLCM) from $19 to $21 but is keeping their Neutral rating following better-than-expected Q4 results.

Despite solid results, the firm is keeping their Neutral rating as "weak Americas growth (+7% yoy versus international growth of 34% yoy) highlights the risks of a technology and sales model transition to software from hardware; whereas Network Infrastructure’s (RealPresence) 45% yoy growth shows the potential."

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

Shares of Polycom closed at $18.42 yesterday.

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