News Breaks |
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| September 13, 2012 |
| 05:57 EDT |  | LF | LeapFrog current valuation attractive, says Ascendiant Capital
Ascendiant Capital finds LeapFrog's valuation attractive after the stock dropped 21% over the past week due to a new children’s tablet from Toys"R"Us and LeapFrog's lowering the price of the LeapPad to $79 from $99. The firm notes that the tablet from Toys"R"Us will only be available at the company's own stores and that LeapPad sales remain strong. Ascendiant maintains a Strong Buy rating on LeapFrog with a $15 price target. |
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