Altera downgraded by Prudential
Briefing.com (Fri 6:30am)
Prudential upgrades AGR.A, TXN and AMD and downgrades ALTR, XLNX, LLTC
Prudential upgrades upgrades AGR.A to Overweight from Underweight, TXN to Overweight from Neutral Weight and AMD to Neutral Weight from Underweight, and raises their tgts to $2, $29 and $19 from $1, $23 and $15, respectively. Firm downgrades LLTC to Neutral Weight from Overweight, ALTR to Underweight from Neutral Weight, XLNX to Underweight from Overweight and raises tgts to $44, $20 $30 from $38, $16, $26, respectively. Firm also upgrades the Semiconductor sector to Favorable from Unfavorable based on their belief that fundamentals for the group will bottom during 1H05. They anticipate that these improving fundamentals will lead to improved visibility as they move through 2005, and give them increased confidence in their '06 ests. |
