J.P. Morgan Underweight On Avid Technology (AVID)

J.P. Morgan Chase & Co. is Underweight on Avid Technology AVID, and has a $13.50 price target on shares. In a note sent to investors, J.P. Morgan writes, "We attended the 2010 Analyst Day event at AVID's new headquarters in Burlington, MA. AVID, after many years of restructuring and refocusing, appears to be turning the corner back toward profitable growth. The stock should be back on investors' radar." Shares of AVID gained 64 cents yesterday to close at $14.18, a gain of 4.7%.