Hot Topic (HOTT) Shares Rally Following Mid-Day Upgrade from Roth Capital

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Shares of Hot Topic (NASDAQ: HOTT) are trading nicely into positive territory Friday following an intraday upgrade from Roth Capital's Elizabeth Pierce. The stock is now up 3.8 percent to $6.92.

Pierce now rates Hot Topic shares a Buy, up from Neutral previously. The analyst maintains an $8 price target.

The Roth analyst attributed her upgrade to the opening of the latest Twilight movie, "Breaking Dawn." Pierce believes the installment will drive consumers into retail locations for merchandise.

For an analyst ratings summary and ratings history on Hot Topic click here. For more ratings news on Hot Topic click here.

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