Wunderlich Securities Upgrades Ixia Rating

In September, Wunderlich Securities revised its rating on Ixia shares (

) to Hold on after shares traded through valuation thresholds. “We commented earlier this week that if the indications of secular growth reposition the company, we could become more constructive,” Wunderlich Securities writes. “We believe 22% EPS upside and guidance that is 31% above consensus pretty well defines repositioning.” Therefore, Wunderlich Securities is upgrading its rating on XXIA shares to Buy from Hold and increasing its price target to $15.50 from $13.50. Ixia currently trades for $15.32.