TD Securities Upgrades EXFO Inc. (EXFO) to Buy
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Price: $6.25 --0%
Rating Summary:
0 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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TD Securities upgraded EXFO Inc. (NASDAQ: EXFO) from Hold to Buy with a price target of $6.00 (from $5.50).
The firm comments, "EXFO shares have underperformed in 2012, down 18%. We believe that the elements are in place for this to change. Carrier spending data points are beginning to turn more positive, and sentiment towards comparable stocks is improving."
The firm notes the peer group is up an average of 26% since mid-November vs. EXFO up 1%.
For an analyst ratings summary and ratings history on EXFO Inc. click here. For more ratings news on EXFO Inc. click here.
Shares of EXFO Inc. closed at $4.80 yesterday.
The firm comments, "EXFO shares have underperformed in 2012, down 18%. We believe that the elements are in place for this to change. Carrier spending data points are beginning to turn more positive, and sentiment towards comparable stocks is improving."
The firm notes the peer group is up an average of 26% since mid-November vs. EXFO up 1%.
For an analyst ratings summary and ratings history on EXFO Inc. click here. For more ratings news on EXFO Inc. click here.
Shares of EXFO Inc. closed at $4.80 yesterday.
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