BWS Financial Upgrades AVG Technologies (AVG) to Buy

BWS Financial upgraded AVG Technologies (NYSE: AVG) from Hold to Buy with a price target of $30.00.

Analyst Hamed Khorsand said, "AVG Technologies (AVG) hosted an investor day where the Company introduced investors to AVG Zen ("Zen") and the Company’s growth plan. It is also where we grew optimistic about AVG’s prospects to lead us to change our rating to a Buy from a Hold."

He added, "Zen brings together the desktop and mobile security and utility applications under one main platform to engage the consumer in an easy manner."

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

Shares of AVG Technologies closed at $20.58 yesterday.

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