In a report published Friday, M Partners reiterated its Buy rating on Mitel Networks Corporation MITL, and slightly raised its price target from $4.50 to $5.00.
M Partners noted, “We believe that Mitel has a low exposure to hardware, and with its virtualization strategy, strong differentiation, which makes Mitel Networks' earning leverage among the highest of its peers. As the company continues to build market share, there is higher possibility that in H2'13, revenue performance could exceed our estimates, especially if macro uncertainty declines.”
Mitel Networks Corporation closed on Thursday at $2.56.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in