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Benzinga's Top Upgrades
Monday, August 8, 2011 - 7:35am | 124FBR Capital upgraded Atmel Corporation (NASDAQ: ATML) from “market perform” to “outperform.” Atmel's shares closed at $9.84 on Friday. Atmel's PEG ratio is 0.41. Bank of America upgraded Home Properties Inc (NYSE: HME) from “underperform” to “buy.” HME's shares closed at $57.34 on Friday. Home...
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UPDATE: J.P. Morgan Lowering Price Target On OmniVision Technologies
Monday, August 8, 2011 - 7:31am | 151J.P. Morgan is out with a research report on OmniVision Technologies (NASDAQ: OVTI) and is lowering its price target to $41 from $43, but keeping its Overweight rating on shares. In a note to clients, J.P. Morgan writes, "We expect OVTI to report solid F1Q12 results on August 25th, and for...
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A Peek Into The Market Before The Trading Starts
Monday, August 8, 2011 - 7:27am | 378Pre-open movers US stock futures are lower this morning, after Standard & Poor's downgraded the US debt rating. Futures for the Dow Jones Industrial Average dipped 222 points to 11,180.00 and S&P 500 index futures fell 27.80 points to 1,170.00. Nasdaq 100 futures dropped 51.75 points to 2,...
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Morgan Keegan Lowers PT on Semtech Corporation To $31
Monday, August 8, 2011 - 7:02am | 27Morgan Keegan has lowered the price target on Semtech Corporation (NASDAQ: SMTC) from $33 to $31 and maintains its Outperform rating.
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JP Morgan Lowers PT On OmniVision Technologies To $41
Monday, August 8, 2011 - 6:18am | 27JP Morgan has lowered the price target on OmniVision Technologies (NASDAQ: OVTI) from $43 to $41 and maintains its Overweight rating.
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Whiplash 08-05-2011
Friday, August 5, 2011 - 6:59pm | 927Cusick's Corner What a week. The initial rally at today's open did not last long, the selling began but then Europe's response to Italian and Spanish debt problems/default risk helped bring the market back causing more whiplash. There was that bounce because the US relies on exports to Europe to...
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Market's Bringing Ugly Back 08-05-2011
Friday, August 5, 2011 - 3:14pm | 922Cusick's Corner Stock volumes are surging. The market's bringing ugly back. Selling was brisk earlier but a rebound was in play after the European Central Bank said it would provide support for Italian and Spanish bonds if they agree to certain economic reforms. The market has had its swings...
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Puts Purchased on Microchip Technology
Friday, August 5, 2011 - 1:45pm | 113Shares of Microchip Technology (NYSE: MCHP) are lower on the session by 1.29%, currently trading at $31.36. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while...
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Why Financial Markets Will Not Repeat 2008
Friday, August 5, 2011 - 12:58pm | 662By Conor Sen I've never been a huge drinker, especially as an undergrad, but a couple weeks before graduation I threw up from alcohol for the first and only time as a college student. A friend of mine who had never even sipped alcohol was turning 21, and to celebrate his dad had sent his friends...
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Financials and Technology Stocks Lead Market Decline in Early Trading
Friday, August 5, 2011 - 11:44am | 625Despite an early pop in all major U.S. Indexes on the heels of a better-than-expected jobs report, the market has given up its early gains and has sunk, once again, deep into negative territory. The S&P 500 (SPX), which had traded as high as 1218.11, is currently down 12.82 points (1.1%) to 1...
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Oppenheimer Initiates Coverage On Micron Technology
Friday, August 5, 2011 - 9:49am | 115Oppenheimer & Co. is out with a research report on Micron Technology (NYSE: MU) and is initiating coverage with a Perform rating and a $9 price target. In a note to clients, Oppenheimer & Co. writes, "We are initiating coverage on Micron with a Perform rating and a price target of $9. On...
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Rodman & Renshaw Reiterates Market Outperform and PT of $1.50 on Tower Semiconductor
Friday, August 5, 2011 - 8:55am | 44Rodman & Renshaw reiterated its Market Outperform rating on Tower Semiconductor (NASDAQ: TSEM). At the same time, the rating agency left its price target on the company's stock unchanged at $1.50. On Thursday, TSEM closed the day at $1.01.
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J.P. Morgan Maintains Neutral on Microchip Technology
Friday, August 5, 2011 - 8:19am | 92J.P. Morgan is out with its report today on Microchip Technology (NASDAQ: MCHP), maintaining Neutral. In its report, J.P. Morgan writes, "Microchip is trading at 16X C12 EPS, a roughly 30% premium to the S&P500 multiple of 12X. We believe Microchip should trade at 15X C12 EPS, slightly above...
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UPDATE: FBR Capital Markets Research Lowers PT on International Rectifier Corporation from $38 to $34
Friday, August 5, 2011 - 8:18am | 109FBR Capital Markets Research has published a report on International Rectifier Corporation (NYSE: IRF) lowering the price target by $4. In the report, FBR Capital Markets wrote, "International Rectifier (IR) reports Wednesday, August 17. For calendar 2Q11, results likely tracked as expected, with...
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UPDATE: Citi Lowering Price Target On Microchip Technology
Friday, August 5, 2011 - 7:47am | 133Citi Investment Research is out with a research report on Microchip Technology (NASDAQ: MCHP) and is lowering its price target to $32 from $36 after earnings. It has a Hold rating on shares. In a note to clients, Citi Investment Research writes, "MCHP stayed flat after market because Jun-Q...