Wunderlich Securities Raises Allot Communications PT To $19 (ALLT)

Wunderlich Securities raised its Allot Communications ALLT price target from $17 to $19 in a research report published today. Wunderlich Securities has previously given Allot Communications a Buy rating. In the report, Wunderlich Securities states, "We believe our 2012E could be exceeded if U.S. regulations progress and/or APAC mobile operators mature to focus on economic data growth rather than raw subscriber growth and usage there extends significantly beyond fixed services. We expect these demand factors to accelerate revenue further in the future if they do not happen by 2012." Shares of Allot Communications were trading at $15.46 at the time of posting, down 0.77% from Monday's market close.