Piper Jaffray Remains Bullish on RealD (RLD) as Fundamentals Improve

Piper Jaffray maintained an Overweight rating and $15.00 price target on RealD (NYSE: RLD) as fundamentals continue to improve. RealD has had a competitive edge relative to its competitors for some time. However, the competitive landscape has changed with MasterImage’s 'Horizon' offering that competes with the XL.

Analyst James Marsh commented, "We are incrementally more bullish on RLD shares. Fundamentals continue to improve, the slate remains solid and a recent patent ruling could indicate that it could keep competitive forces at bay as the renewal process begins. The RLD shares are seemingly weak on worries around the slow-paced strategic process, competition from MasterImage (litigation underway) and how the renewal terms ultimately shake out. Over time we see the litigation process helping to shore up the company’s IP defenses, moving the strategic process forward and improving the company’s bargaining position in upcoming renewals."

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

Shares of RealD closed at $9.51 yesterday.

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