Oscar Gruss Boosts Price Target On Alvarion (ALVR) After Large Contract Win
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Oscar Gruss raised it price target on Alvarion Ltd. (Nasdaq: ALVR) from $4 to $6, maintaining its Buy rating, after the company won a $100 million contract.
The firm said, "We believe The Rural Utilities Service project, one of the largest WiMAX deployments to date, endorses Alvarion’s rank among the top three brands in the industry."
The firm continue to view the stock as a compelling long term risk/reward opportunity.
Shares of Alvarion Ltd. are up 23% today to $4.46.
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