According to a recent report, J.P. Morgan has raised the price target on OmniVision Technologies OVTI from $39.00 to $43.00 and increased the EPS estimates from $2.47 to $2.51. These positive changes came after OVTI issued guidance that brackets revenue and earnings expectations.
In the report, J.P. Morgan said, "The narrative remains constructive, with higher demand for premium 5MPx+ product that commands higher ASPs and margins, at least through mid-FY11."
OVTI closed yesterday at $36.42.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsInformation TechnologyJ.P. MorganOmniVision TechnologiesSemiconductors
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