Wunderlich Securities Comments On PCTEL (PCTI)

Wunderlich Securities provided color on PCTEL PCTI in a research report published today. Wunderlich Securities has previously given PCTEL a Buy rating and $9.50 price target. In the report, Wunderlich Securities states, "PCTEL (PCTI) reported results that were moderately ahead of our/Street expectations with in-line guidance. Gross margin demonstrates continued execution. Our forecast is largely unchanged and there are no changes to our opinion or target." Shares of PCTEL were trading at $7.55 at the time of posting, down 1.24% from Wednesday's market close.