UPDATE: Wunderlich Securities Upgrades PCTEL on Incremental Growth Signals

In a report published Monday, Wunderlich Securities analyst Matthew S. Robison upgraded the rating on PCTEL (NASDAQ: PCTI ) from Hold to Buy, and raised the price target from $10.00 to $10.50. In the report, Wunderlich Securities noted, “Having experienced 16% multiple compression from a recent intra-day high (last month)