InterDigital price target raised to $119 from $114 at Roth MKM

Roth MKM raised the firm’s price target on InterDigital to $119 from $114 and keeps a Buy rating on the shares. The company’s Q3 results were broadly as expected with in-line sales and upside EPS, even though its recurring sales and the outlook were slightly softer due to quarterly true-ups, the analyst tells investors in a research note. RothMKM adds however that it still sees a path to $7.00+ EPS for the company with new smartphone OEMs, video/CE and Samsung arbitration upside.