TD Cowen lowered the firm’s price target on Allot Ltd. (ALLT) to $11 from $13 and keeps a Buy rating on the shares following “solid” Q4 results. Allot is leveraging its successful turnaround, and looking ahead, TD Cowen sees potential upside to guidance, driven by an expanding pipeline and accelerating customer wins, the firm told investors in a research note. TD Cowen cited market contraction for the price target revision.
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