Wednesday, 16 May 2012

Piper Jaffray Downgrades DynaVox (NASDAQ: DVOX) from OVERWEIGHT to NEUTRAL,Target Price Reduced

Analysts at Piper Jaffray downgrade their rating on the shares of DynaVox (NASDAQ: DVOX) from OVERWEIGHT to NEUTRAL.  The 12-month target has been reduced from $5 to $2.30.

In a research note published on May 15, the analysts mention that due to the declining of the revenues by 16 percent, Dynavox faced surprising difficulty, for the 2nd consecutive quarter, as in the first 9 months of CY11, it was a stark contrast to the growth of 5 percent y/y.  

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