UPDATE: Wunderlich Securities Upgrades Vasco Data Security to Buy, Maintains $8.25 PT
Wunderlich Securities upgrades Vasco Data Security International (NASDAQ: VDSI) to Buy from Hold and reiterates its price target of $8.25 per share on its stock to reflect recent pullback in price and increased confidence on the company.
Wunderlich Securities notes, "We are upgrading shares of Vasco (VDSI) from Hold to Buy due to the combination of an attractive entry point as a result of the recent pullback in the company's shares and increased confidence in the company's enterprise business trends. We anticipate a significant uptick in adoption of VDSI tokens within the enterprise gaming vertical due to the catalyst provided by the December launch of BioWare's (EA-NR) Star Wars: The Old Republic."
VDSI closed at $6.88 per share on Monday.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.