Deutsche Bank Maintains Hold on Fairchild Semiconductor

Deutsche Bank is out with its report today on Fairchild Semiconductor FCS, maintaining Hold. In a note to clients, Deutsche Bank writes, "We continue to be impressed by Fairchild's successful transition from a hyper-cyclical company with extreme inventory and margin volatility to a more consistent, cash-generating entity. While we expect this fundamental improvement to persist into 2011 and beyond, we believe it is largely reflected in the share price. Maintain Hold rating." Deutsche Bank maintains an $18 PT on FCS. Shares of FCS closed Tuesday at $15.85, down 7.09% from Monday's close.