Cowen Starts SuperCom (SPCB) at Outperform
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Rating Summary:
5 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Cowen initiates coverage on SuperCom (NASDAQ: SPCB) with a Outperform rating and a price target of $19.00.
Analyst Robert Stone commented, "SPCB integrates e-ID and RFID technology for government customers. New awards of $60MM+ in 2014 support 40%+ 2015E sales growth and an expanding base of L-T recurring revenue. New applications in M2M and mobile payments should drive incremental sales. A high-margin model with minimal capital expenditures should yield strong cash flow. Initiating with Outperform (1) and $19 PT."
For an analyst ratings summary and ratings history on SuperCom click here. For more ratings news on SuperCom click here.
Shares of SuperCom closed at $12.75 yesterday.
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