Lazard Capital is out with its report today on Omnivision Technologies OVTI, lowering its PT to $37 from $44.
In its report, Lazard Capital writes, "The stock is trading at 5x 2012E EPS (ex cash), an attractive multiple given annual rev growth of 13%. Our $37 PT is based on 13x 2013E EPS."
Lazard Capital maintains Buy on OVTI.
At the time of posting, shares of OVTI were trading pre-market at $18.08, down 27.16% from Thursday's close.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsInformation TechnologyLazard CapitalSemiconductors
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