J.P. Morgan Maintains Overweight Rating On Avid Technology

According to J.P. Morgan, Avid Technology AVID Overweight rating is maintained. J.P. Morgan said that it maintains its Overweight rating for AVID ahead of 2Q results. “With the recovery in TV ad spending we believe AVID's professional customer base is resuming investment in IT-based video infrastructure.” Avid Technology closed yesterday at $19.04.