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Comtech (CMTL +5.8%) opens higher after catching an upgrade to Overweight from JPMorgan, which...

Comtech (CMTL +5.8%) opens higher after catching an upgrade to Overweight from JPMorgan, which views Friday's post-earnings selloff as a buying opportunity. Though Comtech expects FQ2 EBITDA to slump due in large part to weak satellite modem sales to the U.S. government, JPM notes the company also expects a strong 2H rebounds, and considers the risk-reward favorable at current depressed levels.
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