Canaccord Genuity Upgrades RealNetworks (RNWK) to Buy

January 26, 2012 2:20 PM EST
Get Alerts RNWK Hot Sheet
Price: $2.53 -6.64%

Rating Summary:
    2 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 12 | New: 41
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Canaccord Genuity's Jeff Rath upgraded shares of RealNetworks (NASDAQ: RNWK) from Speculative Buy to Buy in an intraday research note Thursday. The analyst maintains a $15 price target.

Shares of RealNetworks are up nearly 29 percent to $9.46 at last check following earlier news Intel will acquire patents and Codec Software from the company in a $120 million deal.

Even with the upside, Rath's price target represents further upside of almost 59 percent.

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


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