UPDATE: Barclays Upgrades NETGEAR (NTGR) to Overweight; Holding Position In Europe

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(Updated - July 3, 2012 12:19 PM EDT)

Barclays upgraded NETGEAR (NASDAQ: NTGR) from Equalweight to Overweight with a price target raised from $40 to $45.

Analyst, Jeff Kvaal, thinks NTGR is positioned well in Europe versus competitors and demand has remained solid. Kvaal maintains FY12 EPS estimate at $2.95 and FY13 at $3.30.

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

Shares of NETGEAR closed at $35.15 yesterday, with a 52 week range of $23.45-$45.31.

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