| 2016-10-11 06:21:39|
CARB 06:21 10/11 10/11/16
Carbonite upgraded to Outperform from Perform at Oppenheimer
Oppenheimer analyst Brian Schwartz upgraded Carbonite to Outperform saying he sees "substantial upside" from current levels due to valuation and fundamentals. The company's eVault growth plan and cost savings are being underappreciated by investors, making 2017 estimates too low, Schwartz tells investors in a research note. The analyst has a $21 price target for the shares.