Thursday December 20, 05:41 PM
Radiant Systems initiated with "buy"
NEW YORK, December 20 (newratings.com) - Analysts at Wedbush Morgan initiate coverage of Radiant Systems Inc (ticker: RADS) with a "buy" rating. The 12-month target price is set to $18.
In a research note published this morning, the analysts
mention that the company's integrated hardware/software offering is expanding its market share versus traditional point-of-sale solutions. Radiant Systems (NASDAQ: RADS - news) is well positioned, relative to Micros, in view of its growth in the 15%-20% range, primarily in the domestic business, the analysts add. The company is likely to post EPS growth of 25% in the long term, Wedbush Morgan says.
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