BWS Financial Upgrades NETGEAR (NTGR) to Buy
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BWS Financial upgrades NETGEAR (Nasdaq: NTGR) from Hold to Buy with a $20 price target, saying the Company seems to have reached bottom in Q2 with improving trends in Q3.
Analyst Hamed Khorsand said, "The second quarter seems to have all the signs that the bottom may have been reached. Inventory levels are at very low levels, US market rose sequentially, service provider revenue is on the rise, and retail orders started to occur before the start of the third quarter for back to school."
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