From Briefing.com: 9:20AM RF Micro Device downgraded at RBC (RFMD) 6.21: RBC Capital downgrades to Outperform from Top Pick and cuts price target to $14 from $18 due to the current volatility in the markets and lower visibility in the channel.
8:53AM KLA-Tencor upgraded at Fulcrum (KLAC) 36.41: -- Update -- Fulcrum upgrades to Buy from Neutral; after the disappointing orders and shipments guidance for the March 2003 qtr, firm believes that the forecasted "bad news" would be in the stock; expects some selling pressure given the disappointing orders guidance, and estimates that the potential downside is 5-10%; firm would be aggressive buyers of KLAC at $35, with a price target of $45.
8:45AM JDS Uniphase downgraded at Morgan Stanley (JDSU) 2.83: -- Update -- Morgan Stanley assumes coverage with an Equal-Weight rating from a previous rating of Overweight, saying the stock is trading above fair value of $1.65-$1.70; however, firm believes balance sheet, competitive environment, and successful restructuring protect downside risk.
8:07AM Cabot Micro upgraded at Wells Fargo (CCMP) 47.46: Wells Fargo upgrades to Buy from Hold, saying Dec qtr results and March guidance have allayed their short-term concerns; says stock is "by far" their favorite long idea in the semi equipment/materials space. Target is $75.
7:46AM Broadcom cut to Sell at Merrill Lynch (BRCM) 17.61: Cites the high P/E multiple, and departure of the CEO; firm believes will undergo a cultural change, if not a bit of a leadership vacuum.
7:31AM KLA-Tencor cut to Hold at Prudential on valuation; target $37 (KLAC) 36.41: Prudential downgrades to Hold from Buy given concerns regarding the steep declines in DDR DRAM pricing, flat March quarter order guidance, and geopolitical uncertainty believes the near-term catalysts for stock appreciation could be limited.
finance.yahoo.com^SOXX+ALTR+AMAT+AMD+BRCM+CCMP+INTC+JDSU+KLAC+LLTC+LSCC+LSI+MOT+MU+MXIM+NSM+NVLS+RFMD+TER+TXN+XLNX+^IXIC+^NDX+^SPX+^VIX+^VXN+^STI.N+SMH&d=t
Testing 285 now on the SOX. This could get ugly if it does not hold for the bulls.
stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20!c10!c200][vc60][iUb14!Uk14!La12,26,9!Ld20]&pref=G
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