UPDATE: Bank of America Merill Lynch Initiates Coverage on Riverbed Technology
January 16, 2014 at 07:49 AM EST
In a report published Thursday, Bank of America Merrill Lynch analyst Tal Liana initiated coverage on Riverbed Technology (NASDAQ: RVBD ) with a Neutral rating, establishing a $22.00 price objective. According to the report, revenue growth is attributed partly to weak comps and a bounce back from the lows,