Synchronoss (SNCR) could trade high tomorrow thanks to Wells Fargo, which just initiated...
Monday, March 5, 2012, 5:19 PM ETSynchronoss (SNCR) could trade high tomorrow thanks to Wells Fargo, which just initiated coverage with an Outperform and a PT range of $41-$44. Wells touts the ability of Synchronoss' ConvergeNow products to significantly reduce device activation and provisioning costs for carriers, and believes the company can grow revenue at a 20%+ annual clip, and earnings at a 30%+ clip, over the next 3-5 years.
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