Wednesday
Sep202006
More Valuation blah-SNCR
Wednesday, September 20, 2006 at 09:45AM SNCR gets cut by GOLDMAN to neutral (good timing w/software w/Oracle:) and cheap shares show up under $10 TY. But...they raised the price target by 20% to 12!!. Explains the shenanigans yesterday doesn't it.
Goldman downgraded the company's shares to "neutral" from "buy" and raised its price target on them by $2 to $12, saying their valuation more accurately reflected the brokerage's view on growth. ......In a research note, the brokerage also increased its earnings forecasts and said the company's growth prospects from new Voice over Internet Protocol customers remains very high.