Piper Jaffray Reiterates Neutral on Comverge, Reduces PT to $4

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Piper Jaffray reiterated its Neutral rating on Comverge COMV. At the same time, the rating agency reduced its price target on the company's stock from $5 to $4. On Monday, COMV closed the day at $3.05. Its shares added 9.84% to their value in today's pre-market trading to stand around $3.35.
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