
RealNetworks Lower, Despite Initiation of Coverage by Morgan Stanley
RealNetworks
(RNWK) - Get Report
was down 3.4% in morning trading, though
Morgan Stanley Dean Witter
initiated coverage with an outperform rating and a 12-month price target of $35.
Shares of the Seattle-based company whose software plays audio and video online opened at $26.4, well off its 52-week high of $96.