Oppenheimer Sees Positive Trends For Syniverse (SVR)

Oppenheimer & Co. sees positive global trends for Syniverse Holdings, Inc. SVR due to improving air travel. It has a $26 price target on shares. In the research note, Oppenheimer writes, "We believe messaging (~31% of Q2 revenue) continues to see healthy demand driven by customer adoption and new devices, and we believe SVR is seeing incremental opportunities in messaging as a result of SAP's acquisition of SY." Shares of Syniverse Holdings, Inc. gained $1.12 on Friday to close at $24.15, a gain of 4.8%.