Boyd Gaming (NYSE: BYD), Atmel (NASDAQ: ATML), Spansion Inc. (NASDAQ: CODE), Apple (NASDAQ: AAPL), Alere (NYSE: ALR), Cognizant (NASDAQ: CTSH) and Walt Disney (NYSE: DIS) had ratings and price targets on them adjusted by analysts.
Nomura (NYSE:NMR) initiated coverage on Boyd Gaming (BYD). They placed a “Neutral” rating on the company.
Atmel (ATML) had its “Buy” rating reiterated by Goldman Sachs (NYSE:GS). They have a price target of $12.00 on the company, up from $10.00.
Spansion Inc. (CODE) had its “Buy” rating reiterated by Needham & Company.
Apple (AAPL) had its price target raised by Needham & Company from $540.00 to $620.00. They have a “Buy” rating on the company.
Alere (ALR) had its price target raised by Mizuho from $23.00 to $27.00. They have a “Neutral” rating on the company.
Cognizant (CTSH) had its price target raised by Goldman Sachs (NYSE:GS) from $71.00 to $73.00. They have a “Neutral” rating on the company.
Walt Disney (DIS) had its price target raised by Hilliard Lyons from $50.00 to $52.00. They have a “Long-Term Buy” rating on the company.
Showing posts with label Spansion. Show all posts
Showing posts with label Spansion. Show all posts
Friday, February 10, 2012
Friday, August 12, 2011
Spansion (CODE) (GFIG) (KIM) (ERTS) (CNK) Upgraded
Spansion (NASDAQ: CODE), GFI Group Inc. (NASDAQ: GFIG), Kimco Realty Co. (NYSE: KIM), Electronic Arts Inc (NASDAQ: ERTS) and Cinemark Holdings Inc (NYSE: CNK) upgraded by analysts.
GFI Group Inc. (GFIG) was upgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Buy” rating.
Spansion (CODE) was upgraded by Barclays Capital from an “Equal Weight” rating to an “Overweight” rating. They have a price target of $25.00 on the company, up from $22.00.
Kimco Realty Co. (KIM) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating.
Electronic Arts Inc. (ERTS) was upgraded by Cowen from a “Neutral” rating to an “Outperform” rating.
Cinemark Holdings Inc. (CNK) was upgraded by Caris & Company from an “Average” rating to an “Above Average” rating.
GFI Group Inc. (GFIG) was upgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Buy” rating.
Spansion (CODE) was upgraded by Barclays Capital from an “Equal Weight” rating to an “Overweight” rating. They have a price target of $25.00 on the company, up from $22.00.
Kimco Realty Co. (KIM) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating.
Electronic Arts Inc. (ERTS) was upgraded by Cowen from a “Neutral” rating to an “Outperform” rating.
Cinemark Holdings Inc. (CNK) was upgraded by Caris & Company from an “Average” rating to an “Above Average” rating.
Thursday, August 11, 2011
Intel (INTC) (QCOM) (BRCM) (NXPI) Top Barclays Semi List
Going against the grain on the outlook for the semiconductor market, Barclays Capital analyst C.J. Muse said in a long report this morning that he has raised his rating on the sector from "Neutral" to "Positive." His favorites in the sector are Intel (NASDAQ:INTC), Qualcomm (NASDAQ:QCOM) and Broadcom (NASDAQ:BRCM).
Muse said he sees the downward trend in the industry as a “mid-cycle correction” rather than a long-term downturn in the semiconductor industry.
While acknowledging the industry won't perform as in the past, Muse sees it growing at an annual rate of 6 percent to 8 percent going forward. He cites a 0.97 correlation between the semi market and global GDP growth rate, which appears to be headed for 7 percent in 2011 and 2012, according to the calculations of Muse.
Along with his positive outlook on Intel, which he boosted its rating to "Overweight," Muse also did the same for Altera (ALTR) and Spansion (CODE). Top picks include NXP Semiconductors (NXPI), Qualcomm (QCOM), and Broadcom (BRCM), which are also rated "Overweight."
On the negative side, Muse lowered his rating on Xilinx (XLNX), Analog Devices (ADI), Micron Technology (MU) and Nvidia (NVDA), dropping them to "Equal Weight."
He reiterated his "Equal Weight" ratings on Texas Instruments (TXN), Freescale Semiconductor (FSL) and Linear Technology.
Muse said he sees the downward trend in the industry as a “mid-cycle correction” rather than a long-term downturn in the semiconductor industry.
While acknowledging the industry won't perform as in the past, Muse sees it growing at an annual rate of 6 percent to 8 percent going forward. He cites a 0.97 correlation between the semi market and global GDP growth rate, which appears to be headed for 7 percent in 2011 and 2012, according to the calculations of Muse.
Along with his positive outlook on Intel, which he boosted its rating to "Overweight," Muse also did the same for Altera (ALTR) and Spansion (CODE). Top picks include NXP Semiconductors (NXPI), Qualcomm (QCOM), and Broadcom (BRCM), which are also rated "Overweight."
On the negative side, Muse lowered his rating on Xilinx (XLNX), Analog Devices (ADI), Micron Technology (MU) and Nvidia (NVDA), dropping them to "Equal Weight."
He reiterated his "Equal Weight" ratings on Texas Instruments (TXN), Freescale Semiconductor (FSL) and Linear Technology.
Monday, March 7, 2011
Lawsuits for Intel (INTC), AMD (AMD), eBay (EBAY), IBM (IBM), Xilinx (XLNX), Polycom (PLCN), Spansion (NASDAQ:SPSN)?
With the trial of Galleon Group founder Raj Rajaratnam about to start this week, companies which allegedly supplied insider information to Galleon executives, such as Spansion Inc. (NASDAQ:SPSN), Intel Corp. (NASDAQ:INTC), Advanced Micro Devices Inc. (NYSE:AMD), eBay Inc. (NASDAQ:EBAY), International Business Machines Corp. (NYSE:IBM), Xilinx Inc. (NASDAQ:XLNX) and Polycom Inc. (NASDAQ:PLCN), could find themselves being the recipient of lawsuits, according to a Bloomberg report.
"If a company made a decision for whatever reason that it wanted to make information available to select individuals, that in my opinion would be unlawful," Bloomberg cited Mark Rifkin, of Wolf Haldenstein Adler Freeman & Herz LLP, as saying. "We’re paying close attention to the entire insider trading case as it unfolds because you never know what’s going to happen."
The trial of Galleon Group LLC co-founder Raj Rajaratnam, 52, starts on Tuesday after months of legal battles about whether wiretaps and other information gathered during a long investigation will be admitted as evidence. Rajaratnam faces a possible 10 years in prison if convicted.
Full Story
"If a company made a decision for whatever reason that it wanted to make information available to select individuals, that in my opinion would be unlawful," Bloomberg cited Mark Rifkin, of Wolf Haldenstein Adler Freeman & Herz LLP, as saying. "We’re paying close attention to the entire insider trading case as it unfolds because you never know what’s going to happen."
The trial of Galleon Group LLC co-founder Raj Rajaratnam, 52, starts on Tuesday after months of legal battles about whether wiretaps and other information gathered during a long investigation will be admitted as evidence. Rajaratnam faces a possible 10 years in prison if convicted.
Full Story
Monday, December 20, 2010
Citigroup (NYSE:C) Launches Coverage on Spansion (NYSE:CODE)
Citing renewed interest in the NOR flash chip segment, Citigroup has initiated coverage on Spansion (NYSE:CODE).
Citigroup’s chip analyst Glen Yeung said, “We suspect that investors will not find CODE shares compelling when presented with alternatives in the chip sector”
Even so, if Spansion would be able to generate royalties from Elpida using its "mirror bit” technology, and sales of NAND from using Elpida’s production facilities, which would lower costs, that could change the outlook for the company.
Yeung said he believes Spansion could regain about 14 points over the next two years, as it recovers from the stigma its bankruptcy had given them.
The problem for Spansion is the NOR market itself, which is expected to drop by about 3 percent annually through 2013, according to Yeung, which could pressure Spansion even if they gain market share in that environment.
Citigroup has a "Hold" rating on Spansion, which was trading at $20.26, up $0.11, or 0.55 percent, as of 2:03 PM EST. They have a price target of $23.50 on them.
Citigroup’s chip analyst Glen Yeung said, “We suspect that investors will not find CODE shares compelling when presented with alternatives in the chip sector”
Even so, if Spansion would be able to generate royalties from Elpida using its "mirror bit” technology, and sales of NAND from using Elpida’s production facilities, which would lower costs, that could change the outlook for the company.
Yeung said he believes Spansion could regain about 14 points over the next two years, as it recovers from the stigma its bankruptcy had given them.
The problem for Spansion is the NOR market itself, which is expected to drop by about 3 percent annually through 2013, according to Yeung, which could pressure Spansion even if they gain market share in that environment.
Citigroup has a "Hold" rating on Spansion, which was trading at $20.26, up $0.11, or 0.55 percent, as of 2:03 PM EST. They have a price target of $23.50 on them.
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