Byron Capital Markets

Byron Capital Markets

November 07, 2011 09:20 ET

Byron Capital Markets Initiates RuggedCom Inc. at "Buy" With C$20.00 Target Price

TORONTO, ONTARIO--(Marketwire - Nov. 7, 2011) - Byron Capital Markets Ltd. is pleased to announce that it has initiated coverage on RuggedCom Inc. (TSX:RCM) with a Buy rating and a target price of $20.00.

In this initiation of coverage research report, Technology Analyst and Head of Research, Tom Astle, gives a comprehensive overview of the company, with focus on future drivers of growth and the company's position as the leading supplier of durable networking equipment which can be used in certain environments that would normally destroy standard IT networking gear.

This report further exemplifies Byron Capital Markets' continuing commitment to research and, in particular, its ongoing efforts in the coverage of Canadian technology companies.

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