GREY:ISYRF - Post by User
Post by
powder1on May 14, 2008 2:06pm
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Post# 15073272
Intrinsyc Software International upgraded to "outp
Intrinsyc Software International upgraded to "outpIntrinsyc Software International upgraded to "outperform"
NEW YORK, May 14 (newratings.com) - Analysts at Raymond James upgrade Intrinsyc Software International Inc (IN6) from "market perform" to "outperform." The target price is set to $1.
In a research note published this morning, the analysts mention that the company’s share price has declined by 23% since April 11. Intrinsyc Software International has reported its F1Q08 revenues ahead of the consensus, aided by some scope expansion at the Symbian engineering service business, the analysts say. Intrinsyc Software International’s Soleus Operating System is expected to generate its first royalties in the upcoming quarter, and the company is making progress with other design wins, Raymond James adds.