ThinkEquity Upgrades Allot Communications (ALLT) to Buy, Raises Target to $30

Shares of Allot Communications (NASDAQ: ALLT) are moving higher heading into Monday's afternoon session following an intraday upgrade from ThinkEquity. Although the stock is still down about 1.8 percent from Friday's close, shares are well off session lows.

ThinkEquity boosted its investment rating on Allot shares from Hold to Buy. The firm's price target was raised from $27 to $30. With Allot shares last trading around $24.26, ThinkEquity's new price target represents potential upside of about 24 percent.

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

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