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RBBN - Ribbon gains 4.9% after B. Riley starts at Buy
Ribbon Communications Inc.
Ribbon Communications (RBBN) is rallying for the second day in a row, up 4.7% after an initiation at Buy by B. Riley Securities. The firm's Dave Kang started Ribbon coverage with a $10 price target, now implying 33% upside. Street analysts are Bullish on the stock, while it has a Quant Rating of Neutral. Shares rose 5.6% yesterday after it boosted its fourth-quarter guidance.