Brocade Communications Wins New Buy Rating From DA Davidson

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D.A. Davidson sees multiple growth drivers propelling meaningful revenue and earnings upside for <strong>Brocade Communications Systems, Inc.</strong> (NASDAQ: <a href="http://www.benzinga.com/stock/brcd#NASDAQ">BRCD</a>) over the next several years.


The brokerage initiated coverage of the stock with a Buy rating and price target of $12, implying a potential upside of 29 percent.

Latest Ratings for BRCD

Date Firm Action From To
Oct 2016 DA Davidson Initiates Coverage on Buy
Sep 2016 Citigroup Maintains Neutral
Sep 2016 Citigroup Maintains Neutral

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