UPDATE: Credit Suisse Raises PT on Synchronoss Technologies Following Cloud Services Revenue Analysis
July 12, 2013 at 09:45 AM EDT
In a report published Friday, Credit Suisse analyst Michael Nemeroff reiterated an Outperform rating on Synchronoss Technologies (NASDAQ: SNCR ), and raised the price target from $33.00 to $40.00. In the report, Credit Suisse noted, “Our new Cloud Services revenue analysis gives us more confidence in our 2013 estimates; raising