Jefferies is out with its report today on Altera ALTR, initiating ALTR at Buy.
In a note to clients, Jefferies writes, "We are initiating research coverage of Altera Corporation with a Buy
Rating and a $52.00 price target. We think Altera is exposed to secular trends as the worldwide wireless and wireline communications infrastructure undergoes a massive upgrade, and we expect Altera's 40nm products to take share from Xilinx and ASIC/ASSPs over the next 6 to 12 months."
Shares of ALTR closed Monday at $42.55, down 0.28% from Friday's close.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorPrice TargetInitiationAnalyst RatingsInformation TechnologyJefferiesSemiconductors
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in