RBC Capital Markets Upgrades Arris Group on Cable Modem Market Position
January 07, 2014 at 12:08 PM EST
In a report published Tuesday, RBC Capital Markets analyst Mark Sue upgraded Arris Group, Inc. (NASDAQ: ARRS ) to Outperform from Sector Perform, raising its price target from $118.00 to $128.00. According to the article, the upgrade is based on market share gains from competitor Cisco, who seems pre-occupied with