More on the Synacor downgrades: While positive on the company's prospects, Citi and BofA note Synacor's (SYNC -16.9%) recent run-up has much to do with the promotional efforts of the infamous Jonathan Lebed. Stifel, meanwhile, argues Synacor deserves a valuation on par with digital advertising names, rather than more highly-priced cloud software firms. Also, Albert Fried is starting coverage with an Underperform, and points out Synacor's share lockup expires in mid-July.
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