Hudson Securities Raises DGLY Target To $4 From $3

Hudson Securities is raising its PT on Digital Ally, Inc. DGLY to $4 from $3. “We are lowering our 2010 EPS estimate to -$0.07 from -$0.05 but raising our 2011 EPS estimate to $0.26 from $0.15,” Hudson Securities writes. “We are also raising our 2012 EPS to $0.35 from $0.23. “We are raising our target price to $4 from $3 based on 11x our 2012 EPS estimate of $0.35.” Digital Ally currently trades at $1.68.