Vistance Networks resumed with an Overweight at JPMorgan

JPMorgan analyst Samik Chatterjee resumed coverage of Vistance Networks (VISN) with an Overweight rating and $24 price target following a period of restriction. The firm’s analysis of the company’s broadband equipment and wireless access equipment capabilities suggest there is “sizeable upside to the shares from current levels.” However, JPMorgan wants to fully understand Vistance’s execution around memory costs and constraints before recommending the shares.