MDB Capital Upgrades WolrdGate (WGAT) to Buy
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MDB Capital upgrades WolrdGate (Nasdaq: WGAT) from Neutral to Buy with a $1.50 price target. The firm said prospects have improved.
The firm said, "Recent discussions we've had with the management of SnapVRS reflect excellent progress in rolling-out thousands of Ojos to the hearing impaired community." They also said, "Our model has been revised to pull-in breakeven for WorldGate from the third quarter of 2008 to the 1st quarter."
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