Walt Mossberg – For iPad and Mobile Devices, a “Port” out of the Norm
Netgear (NTGR) shares rallied sharply today after Barclays Capital analyst Jeff Kvaal boosted his rating on the stock to Overweight from Equal Weight. He moved up his price target to $22, from $18; the stock closed Tuesday at $16.96.
Kvaal lifted his 2009 EPS estimate for the company to 35 cents, from 26 cents. For 2010, he goes to 90 cents, from 78 cents. That’s well above the Street, at 24 cents for the year and 78 cents for next year.
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