JP Morgan Raises ACTG PT To $44.50

JP Morgan has issued a report raising the Price Target on Acacia Research Corp ACTG from $41 to $44.50. Accoring to JP Morgan, "Going into ACTG results on Thursday, we expect management tone to remain constructive, and we sense that there remains upside to our 2011 forecast, particularly if the firm is able to secure seven planned comprehensive licensing deals in 2011-2012 versus our conservative forecast of just four." ACTG has an Overweight Rating and closed at $36.54 a share yesterday.