UPDATE: Wunderlich Securities Raises PT to $16 on Netscout Systems

A report from Wunderlich Securities reiterates its Hold rating and raises its price target from $13 to $16 on Netscout Stystems (NASDAQ: NTCT).

The report states, “. Results were reported before the open yesterday and shares responded efficiently, in our opinion. We are raising our estimates and, with the increase, elevating our 12-month price target to $16 from $13. With 19.9% appreciation in the session following the report, shares are already almost at our target”.

NTCT closed yesterday at $15.87.