[September 17, 2009] Synchronoss Technologies Shares Rose After Analyst Upgrade To Overweight (SNCR,TWX) Tweet Sep 17, 2009 (SmarTrend(R) News Watch via COMTEX) -- 9/17/2009 - Synchronoss Technologies Inc.'s (NASDAQ:SNCR) shares rose 14% after a Thomas Weisel Partners analyst upgraded the company to "overweight". Analyst Tom Roderick called the company "undervalued and overlooked" by investors and raised his price target from $15 to $17. In a note to investors, Roderick said, "We believe that the (2010) growth prospects for the company are brighter than we had previously given the company credit for, and we see various catalysts emerging over the course of the next 12 months." He added that the company's growth prospects next year will likely get a boost from a rejuvenated cable TV sector and that earlier this year the company extended its relationship with Time Warner (NYSE:TWX). Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com. Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html [ Back To TMCnet.com's Homepage ]