In the report, JP Morgan writes, “…we believe there is downside risk to our estimates and consensus for 4Q, and we anticipate our companies will guide 4Q revenues in a range of flat to down 8% Q/Q. However, we believe the market has already discounted a larger decline in 4Q, setting the stage for a move up in SMid semi stocks. We continue to favor product cycle-driven stocks such as BRCM and CAVM”
Companies included in the J.P. Morgan report are: Broadcom Corporation BRCM, Cavium CAVM, Entropic Communications ENTR, Freescale Semiconductor Holdings FSL, LSI Corp. LSI, Mellanox Technologies MLNX, NXP Semuconductors NXPI, PMC-Sierra PMCS, SanDisk Corp. SNDK
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 |
---|
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