Analysts at Topeka Capital upgraded Magnachip Semiconductor Corp MX from Hold to Buy.
The price target for Magnachip Semiconductor is set to $9.
Magnachip Semiconductor shares have dropped 48.55 percent over the past 52 weeks, while the S&P 500 index has surged 10.46 percent in the same period.
Magnachip Semiconductor shares rose 5.79 percent to $6.76 in pre-market trading.
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