Goldman Sachs Starts Polycom (PLCM) at Neutral

December 9, 2011 7:57 AM EST
Get Alerts PLCM Hot Sheet
Price: $12.47 --0%

Rating Summary:
    2 Buy, 12 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Goldman Sachs initiates coverage on Polycom (NASDAQ: PLCM) with a Neutral. PT $19.00.

The firm notes the company is transitioning to a go-to-market strategy. Transition challenges in addition to risks of a new heavily software-based video conferencing world are balanced with opportunities and relatively "undemanding" valuation, they said.

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 $16.36 yesterday.


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