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Fly News Breaks for March 14, 2016
VZ, RSYS
Mar 14, 2016 | 08:44 EDT
After RadiSys (RSYS) announced that Verizon (VZ) would be the first partner for its software-defined infrastructure, DA Davidson thinks that the deal "will go a long way to legitimize RadiSys as a serious player" in the sector. The firm adds that the deal could eventually make Radisys a takeover target. DA Davidson expects RadiSys' cash generation to improve going forward. It raised its price target on the name to $4.50 from $3.50 and keeps a Buy rating on the shares.
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