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Why Mitel Networks Stock Surged Today

TheMotleyFool

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Shares of Mitel Networks (NASDAQ: MITL) have surged today, up by 12% as of 12:15 p.m. EST, after the company got a bullish rating from Wall Street. Craig-Hallum initiated coverage of Mitel with a buy rating.

Alongside the bullish rating, analyst George Sutton assigned a price target of $14, representing significant upside from current levels even after today's pop.

Image source: Getty Images.

Source: Fool.com