Wedbush Downgrades Radiant Systems To Neutral

According to Wedbush, Radiant Systems RADS is downgraded to Neutral. Wedbush said that it believes the bid to acquire Radiant Systems by NCR for $28/share provides a solid strategic exit and comes at a fair valuation. “We believe that the deal has a high probability of being completed, given the level of fit and mutual interest. Therefore, we are downgrading to NEUTRAL from OUTPERFORM and removing from the Best Ideas List.” Radiant Systems closed yesterday at $21.45.