Riverbed price target raised to $24 from $20 at Oppenheimer Oppenheimer raised its price target on Riverbed citing the company's better-than-expected pre-announcement and its improving fundamentals. The firm maintains its Outperform rating on Riverbed, but noted that the stock may be range-bound until Elliott responds to the company's rejection of the investor's takeover bid.
S&P announces changes to the S&P 400, 600 indices S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices: Dunkin' Brands Group (DNKN) will replace Riverbed Technology (RVBD) in the S&P MidCap 400 after the close of trading on Monday, April 27. A group led by Thoma Bravo is acquiring Riverbed Technology in a deal expected to be completed tomorrow. Walker & Dunlop (WD) will replace Entropic Communications (ENTR) in the S&P SmallCap 600 after the close of trading on Thursday, April 30. MaxLinear (MXL) is acquiring Entropic Communications in a transaction expected to be completed on or about that date pending final approvals.