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J.P. Morgan Chase & Co. is upgrading shares

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Novatel Wireless to Report Second Quarter 2014 Financial Results on August 6, 2014 "Business Wire" - 7/29/2014 8:30:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 7/17/2014 4:06:02 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/3/2014 4:21:59 PM
Initial Statement of Beneficial Ownership (3) "Edgar (US Regulatory)" - 7/3/2014 4:05:03 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/2/2014 5:23:39 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/2/2014 5:22:04 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/2/2014 5:19:52 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/2/2014 5:18:31 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 7/2/2014 1:16:56 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/1/2014 6:36:08 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/1/2014 6:31:31 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/1/2014 6:28:53 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/1/2014 6:26:32 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 6/30/2014 6:01:55 AM
Novatel Wireless Appoints Interim Chief Financial Officer "Business Wire" - 6/27/2014 5:44:00 PM
Novatel Wireless Announces Adjournment of 2014 Annual Meeting of Stockholders "Business Wire" - 6/24/2014 8:15:00 PM
Novatel Wireless and RacoWireless Provide Aftermarket Telematics Solution Targeting LATAM Markets "Business Wire" - 6/20/2014 8:00:00 AM
Novatel Wireless e RacoWireless oferecem solução de telemática pós mercado visando mercados da América Latina "Business Wire" - 6/20/2014 8:00:00 AM
Novatel Wireless y RacoWireless Proporcionan una Solución Telemática para el Mercado de Accesorios que Apunta a los Mercado... "Business Wire" - 6/20/2014 8:00:00 AM
Novatel Wireless Selected by Premier Wireless Solutions to Power Advanced Aftermarket Telemetry Solutions "Business Wire" - 6/19/2014 8:00:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 6/16/2014 5:07:53 PM
Novatel Wireless Announces Leadership Change "Business Wire" - 6/13/2014 4:15:00 PM
Statement of Beneficial Ownership (sc 13d) "Edgar (US Regulatory)" - 6/2/2014 5:09:03 PM
Specialized Disclosure Report (sd) "Edgar (US Regulatory)" - 5/30/2014 5:21:53 PM
Novatel Wireless Announces Departure of Chief Financial Officer "Business Wire" - 5/20/2014 4:15:00 PM
Bart Myers   Tuesday, 05/31/11 10:29:44 AM
Re: None
Post # of 70 
J.P. Morgan Chase & Co. is upgrading shares of Novatel Wireless (NASDAQ: NVTL) to Neutral from Underweight, and it has a $5.50 price target on shares.

In a note to clients, J.P. Morgan writes, "We are upgrading NVTL to Neutral from Underweight on valuation. We are not changing estimates, which remain below consensus. NVTL has traded down 48% YTD (S&P 500 up 6%) and is now approximately 10% below our price target, approximating fair value, in our view. We believe further downside is now limited with LTE newsflow increasing, and we believe the stock could trade up from here on improving sentiment, though we remain long-term skeptics regarding NVTL's core mobile computing business. Our December 2011 price target remains $5.50."


Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/05/1122010/j-p-morgan-upgrading-novatel-wireless#ixzz1NwMIpnfp

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