UPDATE: Imperial Capital Raises LeapFrog's PT

In a research report published earlier today, Imperial Capital has increased LeapFrog Enterprises Inc.'s

PT from $7 to $8. Imperial Capital commented in the report, “We believe LeapFrog remains well positioned for long-term growth driven by the new LeapPad platform, an innovative product pipeline, a growing database of connected consumers, strong international sales growth potential, and also potential for increased sales of higher-margin software/app products.” Imperial Capital maintains its Outperform rating on LeapFrog, which is currently trading at $6.99.