Wall Street analyst firm Kaufman Bros. has reiterated its “buy” recommendation for US LEC stock.

Analyst Vik Grover has set a price target of $8 a share for US LEC (Nasdaq: CLEC). The stock closed at $4.27 on Friday, up 12 cents.

Grover issued his update after US LEC’S recently quarterly earnings report, pointing out that revenues of $78.3 million beat his estimates by 2 percent and earnings of $10.3 percent were 4 percent above estimates.

US LEC: www.uslec.com